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Southern Silver Exploration Corp (SSV.V)

SSV.V on TSX Venture Exchange

0.54CAD
23 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Southern Silver Announces Equity Financing
Tuesday, 16 Feb 2016 09:30am EST 

Southern Silver Exploration Corp:plans to issue up to 12,000,000 units in a non-brokered private placement at a price of $0.05 per Unit to raise $600,000.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 five years at an exercise price of $0.08 per share.Southern Silver has arranged an initial subscription from Electrum Global Holdings L.P. ("Electrum") to purchase 6,000,000 units.Net proceeds from the private placement will be used for working capital and costs associated with claim maintenance, permitting and other exploration expenses.Specifically, some proceeds will be applied towards the assessment of the Oro property in New Mexico.Surface exploration consisting of prospecting and trenching is planned to resolve targeting prior to permitting the next phase of drilling on the project.  Full Article

Southern Silver Exploration Corp Identifies New High-Grade Gold-Silver Discovery and Extends Known Zones at Cerro Las Minitas
Thursday, 1 Oct 2015 08:00am EDT 

Southern Silver Exploration Corp:Reported today assays results from the first three holes of the +10,000 metre 2015 core drilling program on the Cerro Las Minitas project, located in Durango State, Mexico.Says Drilling successfully identified a new high-grade gold-silver polymetallic discovery on the project.  Full Article

Southern Silver Exploration Corp closes $1 million unit offering and commences $2 million exploration program at cerro Las Minitas
Monday, 29 Jun 2015 08:30am EDT 

Southern Silver Exploration Corp:Closes non-brokered private placement by issuing 10,000,000 units of the Company at a price of C$0.10 per Unit to raise $1,000,000.Each Unit consists of one common share without par value in the capital of the Company and one common share purchase warrant.Each Warrant entitles the holder to purchase one Share at a price of C$0.15 per Share for 5 years.Proceeds of the Offering are intended to be used by the Company for payment of accrued liabilities and for working capital.Securities issued pursuant to this private placement carry a legend restricting trading of the securities until Oct. 27.Crews have mobilized and surface exploration is underway for the $2 million, 2015 exploration program on the Cerro Las Minitas property which will target both known zones of mineralization and new discoveries on the property.  Full Article

Southern Silver Exploration Corp announces units offering to existing shareholders
Tuesday, 19 May 2015 08:35am EDT 

Southern Silver Exploration Corp:Proposes to raise up to C$1,000,000 by way of a non-brokered private placement of units of the Company, each Unit consisting of one common share without par value in the capital of the Company and one common share purchase warrant, at a price of C$0.10 per Unit.Each Warrant will entitle the holder to purchase one Share at a price of CDN$0.15 per Share for 5 years.Offering is subject to regulatory approval.  Full Article

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