SSVCL: Santiago Southern Silver Closes Second Tranche of Brokered and Non- Brokered Financing
1100-1199 West Hastings Street, Vancouver, BC, V6E 3T5
“A Manex Resource Group Company”
This news release is intended for distribution in Canada only and is not intended for distribution to
United States newswire services or dissemination in the United States.
August 31, 2017
SSV: TSX.V
S S V F F : O T C Q B
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SSVCL: Santiago
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Southern Silver Closes Second Tranche of Brokered and Non-
Brokered Financing
Southern Silver Exploration Corp. (“Southern Silv er” or the “Company”; SSV-TSX.V) has closed the
second tranche of its previously reported private placement by issuing 1,170,000 units at a price of
$0.40 per unit for gross proceeds of $468,000. The pri vate placement was comprised of a brokered and
non-brokered component. Gravitas Securities Inc. (“Gravitas”) acted as lead agent of the brokered
portion of the private placement. Each unit cons ists of one common share and one share purchase
warrant exercisable to purchase one additional common share for a period of three years at an exercise
price of $0.55 per common share. On the closing of this tranche of the private placement, Gravitas
received a cash fee of $42,240 and 105,600 non-tran sferable compensation options with each
compensation option exercisable to purchase on e common share for a period of 36 months at an
exercise price of $0.40 per common share. Also paid upon closing were finder’s fees of $500 cash and
1,750 non-transferable finder’s warrants, with each finder’s warrant exercisable to purchase one
common share at $0.55 for three years. Securities issued pursuant to this tranche of the private
placement, including common shares, share purchas e warrants, finder’s warrants and compensation
options, carry a legend restricting trading of the securities until January 1, 2018.
Net proceeds from this private placement are inte nded to be used to contribute to the Company’s
proportionate share (40%) of the co sts associated with continuing ex ploration on the Cerro Las Minitas
property near Durango, Mexico together with the Joint Venture partner of the Company, Electrum
Global Holdings L.P. (60%), for advancement of the 100% owned Oro Project, New Mexico, and for
additional working capital. Further exploration work on the Cerro Las Minitas property in 2017 and 2018
is to be funded by the two Joint Venture partners and is expected to consist of RC, RAB and core
diamond drilling in order to:
(a) Extend the known mineralization at the Blind and Blind Shoulder targets to increase the current
resource.
(b) Explore for accumulations of potential new mineraliza tion elsewhere in the larger area of the Cerro
Las Minitas property.
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Further work is currently ongoing on the balance of the larger property area including continued surface
work and sampling, exploratory RAB/RC drilling and additional core drilling of certain defined targets.
The final closing to occur by September 15 th, 2017 is subject to certain conditions including, but not
limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.
About Southern Silver Exploration
Southern Silver Exploration Corp. is a precious metal exploration and development company with a
focus on the discovery of world-class mineral deposi ts in north-central Mexico and the southern USA.
Our specific emphasis is the Cerro Las Minitas silver-l ead-zinc project located in the heart of Mexico’s
Faja de Plata, which hosts multiple world-class mine ral 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 de veloping, 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.
Robert Macdonald, MSc. P.Geo, is a Qualified Pe rson as defined by National Instrument 43-101 and
responsible for the supervision of the exploration on the Cerro Las Minitas Project and for the
preparation of the technical information in this disclosure.
About Gravitas Securities Inc.
Gravitas is known for sophisticated sector expert ise, tactical individuals with a commitment to
excellence, global integration and innovation, and as a leading independent wealth management and
capital markets firm. Gravitas provides a wide range of investment mandates and services for retail and
corporate clients globally from offices in Toronto, Calgary and Vancouver and is represented in the
United States through its FINRA representative, Gr avitas Capital International, in New York and San
Francisco.
The securities referred to in this news release have not been, nor will they be, registered under the
United States Securities Act of 1933, as amended, and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable
exemption from the U.S. registration requirements. This news release does not constitute an offer for
sale of securities for sale, nor a solicitation for of fers to buy any securities. Any public offering of
securities in the United States must be made by means of a prospectus containing detailed information
about the company and management, as well as financial statements.
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 [email protected].
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.
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This news release may contain forward-l ooking statements. Forward-looking statem ents address future events and conditions
and therefore involve inherent risks and uncer tainties. Actual results may differ materia lly from those currently anticipated i n
such statements. Factors that could cause actual results to di ffer materially from those in forward looking statements include
the timing and receipt of government and regulatory approvals, and continued availability of ca pital and financing and general
economic, market or business conditions. Southern Silver Explor ation Corp. does not assume any obligation to update or revise
its forward-looking statements, whether as a result of new info rmation, future events or otherwise, except to the extent
required by applicable law.