Southern Silver Announces Private Placement
Southern Silver Announces Private Placement
Vancouver, British Columbia--(Newsfile Corp. - August 28, 2020) -
Southern Silver Exploration Corp.
(TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) (SSE: SSVCL) ("Southern Silver")
plans to issue up
to 1,200,000 units ("Units" or "Offering") in a non- brokered private placement at a price of $0.38 per
Unit to raise $456,000. Each Unit will consist of one common share and one share purchase warrant,
with each warrant exercisable to purchase one additional common share for a period of three years at
an exercise price of $0.50 per share. Net proceeds from the private placement will be used for working
capital
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is a precious metal exploration and development company with a
focus on the discovery of world-class mineral deposits in north-central Mexico and the southern USA.
Our specific emphasis is the 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, 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, along with our partner, Electrum Global
Holdings LP, the Cerro Las Minitas project into a premier, high-grade, silver-lead-zinc mine. The
Company engages in the acquisition, exploration and development either directly or through joint-venture
relationships in mineral properties in major jurisdictions. Our property portfolio also includes the Oro
porphyry copper-gold project located in southern New Mexico, USA.
On behalf of the Board of Directors
"Lawrence Page"
Lawrence Page, Q.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 may contain 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. 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.
Southern Silver Exploration Corp. does not assume any
obligation to update or revise its forward-looking statements, whether as a result of new information,
future events or otherwise, except to the extent required by applicable law.
This news release is not intended for distribution to United States newswire services or
dissemination in the United States.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/62794