Southern Silver Announces Additional Increase to Non-Brokered Private Placement
Southern Silver Announces Additional
Increase to Non-Brokered Private Placement
Vancouver, British Columbia--(Newsfile Corp. - February 7, 2025) -
Southern Silver Exploration
Corp. (TSXV: SSV) (the "Company" or "Southern Silver")
announces an additional increase to its
previously announced non-brokered private placement from $3,000,000 to $3,600,000. The private
placement will now consist of 20,000,000 units at $0.18 per unit for gross proceeds of $3,600,000 (the
"Offering").
Each unit will be comprised of one common share and one-half of one share purchase
warrant. Each whole warrant entitles the holder thereof to purchase one common share for a period of 3
years at a price of $0.28.
The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with
the Offering, subject to compliance with the policies of the TSX Venture Exchange. All securities issued
and sold under the Offering will be subject to a hold period expiring four months and one day from
closing. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of
all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
Net proceeds from the Offering will be used for the continued advancement of the Cerro Las Minitas
project in Durango, Mexico, and for general corporate and working capital purposes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the units, nor
was there any sale of the units in any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The
units offered will not be, and have not been, registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold within the United States or to, or for the account or benefit
of, a U.S. person.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and development company with a focus on the
discovery of world-class mineral deposits either directly or through joint-venture relationships in mineral
properties in major jurisdictions. Our specific emphasis is the 100% owned Cerro Las Minitas silver-
lead-zinc project located in the heart of Mexico's Faja de Plata, which hosts multiple world-class mineral
deposits such as Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have assembled a team
of highly experienced technical, operational and transactional professionals to support our exploration
efforts in developing the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine.
Located in the same State as the Cerro Las Minitas property is the newly acquired Nazas property. Our
property portfolio also includes the Oro porphyry copper-gold project and the Hermanas gold-silver vein
project where permitting applications for the conduct of a drill program is underway, both located in
southern New Mexico, USA.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, K.C.
President & Director, Southern Silver Exploration Corp.
For further information, please visit Southern Silver's website at
southernsilverexploration.com
or contact
us at 604.641.2759 or by email at
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking statements. Forward-looking statements address future
events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ
materially from those currently anticipated in such statements. Forward-looking statements in this
news release include the amount of the Offering, closing of the Offering and the Company's plans to
advance the Cerro Las Minitas project. These statements are based on a number of assumptions,
including, but not limited to, general economic conditions, interest rates, commodity markets,
regulatory and governmental approvals for the Company's projects, and the availability of financing
for the Company's development projects on reasonable terms. Factors that could cause actual results
to differ materially from those in forward looking statements include the timing and receipt of
government and regulatory approvals, and continued availability of capital and financing and general
economic, market or business conditions.
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