Southern Silver Closes Previously Announced Private Placement
Southern Silver Closes Previously Announced
Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 14, 2020) -
Southern Silver Exploration
Corp. (TSXV: SSV) (the "Company" or "Southern Silver")
reports that it has closed the recently
announced non-brokered private placement for 1,200,000 units ("Units") at a price of $0.38 per Unit for
gross proceeds of $456,000. Each Unit consists 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. The common shares and warrants carry a legend restricting
trading of the securities until January 12, 2021. Net proceeds from the private placement will be used for
working capital.
The private placement is subject to TSX Venture Exchange approval.
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. 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, 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. 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 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. 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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/63758