Southern Silver Exploration Corp : Southern Intersects Shallow High-Grade Silver at the South Skarn Target Including 1 4 Metres Averaging 719g/t Ag, 14 2% Pb and 16 0g/t Zn (1791g/t AgEq) at Cerro Las Minitas
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Southern Silver Exploration Corp : Southern Continues to Extend Mineralization on the Mina La Bocona and South Skarn Targets at the Cerro Las Minitas Project
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Southern Silver Exploration Corp : Southern Silver Closes $9 0M Brokered Private Placement
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Vancouver, British Columbia (Newsfile Corp. - May 26, 2021) -
Southern Silver Exploration Corp. (TSXV: SSV) (OTCQX: SSVFF) (Santiago: SSVCL) ( Southern Silver or the Company ) announces that due to significant demand, it has amended its agreement with Red Cloud Securities Inc. (the Underwriter ) to increase the size of its previously announced bought deal private placement to C$9,000,000 (the Brokered Offering ). Under the amended agreement, the Underwriter will purchase for resale 18,000,000 units of the Company (the Units ) at a price of C$0.50 per Unit (the Unit Price ). Each Unit shall be comprised of one common share in the capital of the Company (each a Unit Share ) and one half of one common share purchase warrant (each whole warrant, a Warrant ). Each Warrant shall be exercisable into one common share of the Company (each, a Warrant Share ) at a price of C$0.75 at any time on or before the date which is 24 months after the closing date of the Brokered Offering