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Southern Silver Exploration Corp Amends Private Placement


Friday, 30 Aug 2013 05:12pm EDT 

Southern Silver Exploration Corp announced that it 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. 

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