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SSV Southern Silver Exploration Corp

0.245
0.005 (2.08%)
28 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Southern Silver Exploration Corp TSXV:SSV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 2.08% 0.245 0.23 0.255 0.245 0.23 0.245 149,640 21:12:17

Southern Silver Amends Private Placement

30/08/2013 10:12pm

Marketwired Canada


NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) (the
"Company" or "Southern Silver") plans to issue up to 25,000,000 units in a
non-brokered private placement at a price of $0.02 per unit to raise $500,000.
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 $0.05 per share. This private placement,
which was previously announced on August 27, 2013, has been amended with respect
to its unit price.


Net proceeds from the private placement will be utilized for county and claim
fees to maintain the status of the Company's properties, and for general working
capital. The private placement is being conducted pursuant to the TSX Venture
Exchange ("TSXV") bulletin of April 12, 2013 - Private Placements - Extension
and Modification of Temporary Relief from Certain Pricing Requirements. The
private placement and any finders' fees which may be payable are subject to
acceptance for filing by the TSXV.


About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and
development company and a member of the Manex Resource Group; a private company
comprised of an exceptional multi-disciplinary team of professionals with
specific expertise in all areas of exploration, development, corporate finance
and public company administration.


The Company's growth strategy is to acquire, explore and develop either directly
or through joint venture relationships high-quality mineral properties in
progressive jurisdictions within North America including Southern Silver's
silver-lead-zinc Cerro Las Minitas project located in Durango, Mexico.
Freeport-McMoRan Exploration Corporation currently holds an option to earn a 70%
indirect interest in the project by making staged purchase payments and funding
exploration and development expenditures of $25 million on the project over a
ten year period.


Desert Star Resources Ltd. has the option to earn up to a 70% interest in the
gold-silver-copper Oro project in New Mexico by making cash payments to
underlying optionors, issuing one million shares, completing a preliminary
economic assessment and incurring exploration expenditures of $6 million on the
property over a period of 66 months. Southern Silver is currently advancing the
porphyry copper-molybdenum Dragoon project in Arizona and the Minas de Ameca
silver, lead-zinc project in Jalisco, Mexico.


On behalf of the Board of Directors

Lawrence Page, Q.C., President, Southern Silver Exploration Corp.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Silver Exploration Corp.
Liana Shahinian
1.888.456.1112
liana@mnxltd.com
www.southernsilverexploration.com

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