Southern Silver Announces Closing of Bought Deal LIFE Private Placement for Gross Proceeds of C$6 Million
Southern Silver Announces Closing of Bought
Deal LIFE Private Placement for Gross
Proceeds of C$6 Million
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) -
Southern Silver Exploration
Corp. (TSXV: SSV)
(the "
Company
" or "
Southern Silver
") is pleased to announce the closing of its
previously announced "bought deal" private placement (the "
Offering
") for gross proceeds of
C$6,000,000, which includes the exercise in full of the over-allotment option. Pursuant to the Offering, the
Company sold 12,000,000 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
"). Red Cloud Securities Inc. ("
Red
Cloud
") acted as sole underwriter and bookrunner under 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).
In accordance with National Instrument 45-106 -
Prospectus Exemptions
("
NI 45-106
"), the Common
Shares were sold to Canadian purchasers 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
") and
sold in offshore jurisdictions and in the United States by way of private placement pursuant to the
exemptions from the registration requirements provided for under the United States Securities Act of
1933, as amended (the "
U.S. Securities Act
"). The Common Shares are immediately freely tradeable
in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada.
As consideration for their services, Red Cloud received aggregate cash fees of C$346,800 and
693,600 non-transferable common share purchase warrants (the "
Broker Warrants
"). In addition, the
Company has paid finders' fees of $5,400 and issued 10,800 non-transferable common share purchase
warrants (the "
Finder Warrants
") to certain finders in consideration for introducing subscribers under a
President's list. Each Broker Warrant and Finder Warrant is exercisable into one Common Share at the
Offering Price at any time on or before December 16, 2028.
The Broker Warrants, Finder Warrants and
the Common Shares issuable upon the exercise of the Broker Warrants and Finder Warrants are subject
to a hold period in accordance with applicable Canadian securities law, expiring four months and one
day following the issue date, being April 17, 2026.
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
.
The closing of the Offering remains subject to the final 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 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 final approval of the Offering
from the TSXV and the intended use of proceeds of the Offering. 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
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