Southern Silver Announces Bought Deal LIFE Private Placement for Gross Proceeds of C$5.0 Million
Southern Silver Announces Bought Deal LIFE
Private Placement for Gross Proceeds of C$5.0
Million
Vancouver, British Columbia--(Newsfile Corp. - December 2, 2025) -
Southern Silver Exploration
Corp.
(TSXV: SSV) (the "Company" or "Southern Silver") reports that it has entered into an agreement
with Red Cloud Securities Inc. ("Red Cloud"), acting as sole underwriter and bookrunner, pursuant to
which Red Cloud has agreed to purchase for resale 10,000,000 common shares in the capital of the
Company (each, a "Common Share") at a price of C$0.50 per Common Share (the "Offering Price") on
a "bought deal" basis in a private placement for gross proceeds of approximately C$5,000,000 (the
"Underwritten Offering").
The Company will grant to Red Cloud an option, exercisable up to 48 hours prior to the Closing Date, to
purchase for resale up to an additional 2,000,000 Common Shares at the Offering Price for additional
gross proceeds of up to approximately C$1,000,000 (the "Over-Allotment Option"). The Underwritten
Offering and the securities issuable upon exercise of the Over-Allotment Option shall be collectively
referred to as the "Offering".
The Company intends to use the net proceeds from the Offering for the advancement of the Cerro Las
Minitas project located in the state of Durango, Mexico as well as for working capital and general
corporate purposes, as is more fully described in the Offering Document (as defined herein).
Subject to compliance with applicable regulatory requirements and in accordance with National
Instrument 45-106 - Prospectus Exemptions ("NI 45-106"), the Common Shares will be offered for
sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan
and Ontario pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as
amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed
Issuer Financing Exemption (the "Listed Issuer Financing Exemption"). The Common Share are
expected to be immediately freely tradeable in accordance with applicable Canadian securities
legislation if sold to purchasers resident in Canada. The Common Shares may also be sold in
offshore jurisdictions and in the United States on a private placement basis pursuant to one or more
exemptions from the registration requirements of the United States Securities Act of 1933, as
amended (the "U.S. Securities Act").
There is an offering document (the "Offering Document") related to the Offering that can be accessed
under the Company's profile at
www.sedarplus.ca
and on the Company's website
at:
www.southernsilverexploration.com
. Prospective investors should read this Offering Document before
making an investment decision. The Offering is scheduled to close on or about December 16, 2025 or
such other date as the Company and Red Cloud may agree (the "Closing Date"). Completion of the
Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory
approvals, including the approval of the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there
be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be
unlawful, including any of the securities in the United States of America. The securities referred to in
this news release have not been, and will not be, registered under the U.S. Securities Act or any U.S.
state securities laws, and may not be offered or sold in the United States or to, or for the account or
benefit of, U.S. persons, absent registration or any applicable exemption from the registration
requirements of the U.S. Securities Act and applicable U.S. state securities laws.
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. In particular, this press release
contains forward-looking information relating to, among other things, the Offering, the anticipated
closing date of the Offering, the intended use of proceeds of the Offering, approval of the TSXV and
the filing of the Offering Document. 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.
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/276691