Southern Silver Assigned Legal Entity Identifier Number by Deutsche Borse Group
Southern Silver Assigned Legal Entity Identifier Number
by Deutsche Borse Group
Vancouver, British Columbia--(Newsfile Corp. - December 12, 2017) -
Southern Silver Exploration Corp
. (TSXV: SSV)
(OTCQB: SSVFF) (FSE: SEG1) announces that it has been assigned the Legal Entity Identifier ("LEI") number
529900VY7ZZW0FTRGM33. The European Union has adopted regulations that require use of the LEI as a barcode equivalent
aimed at pinpointing systemic risks.
About the Legal Entity Identifier (LEI)
The Legal Entity Identifier (LEI) number is a 20-digit alphanumeric code. It is an internationally standardized and globally valid
identifier for financial market participants. Its purpose is to clearly and unequivocally identify contracting parties (e.g., companies,
banks, and investment funds). It is used to comply with a variety of financial reporting requirements. The Deutsche Bӧrse Group
has stated that "the LEI will clearly assist the regulatory authorities in monitoring and analyzing threats to the stability of the
financial markets, (but) it can also be utilized by counterparties internally for risk management purposes."
Southern Silver meets the requirement for all companies listed on German Stock Exchanges to have an LEI number by January
3, 2018.
Lawrence Page, President, Manex Resource Group stated, "Southern Silver and other companies under the Manex Resource
Group banner have had a long history of being listed and actively trading on one or more stock exchanges or trading platforms
within Germany. We are dedicated and pleased that trading of our shares on the German exchanges will continue without any
hindrances. "
According to the website of the Deutsche Bӧrse Group, the LEI number will affect most aspects of the securities markets in
Europe, including trading, clearing, settlement, custody, collateral and liquidity management, market data and indices. (See
http://deutsche-boerse.com/dbg-en/regulation/regulatorytopics/legal-entity-identifier
).
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. The Oro property consists of patented land, State leases and BLM located mineral claims which
cover a highly prospective quartz-sericite-pyrite alteration zone, interpreted to overlie an unexposed porphyry center and distal
sediment-hosted, oxide-gold target.
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.