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Southern Silver Exploration Corp

SSV.V

Latest Trade

0.31CAD

Change

-0.01(-1.59%)

Volume

265,883

Today's Range

0.31

 - 

0.32

52 Week Range

0.30

 - 

0.70

As of on the TSX Venture Exchange ∙ Minimum 15 minute delay

Latest Developments

Southern Silver announces brokered private placement with Gravitas Securities

May 18 (Reuters) - Southern Silver Exploration Corp <SSV.V>:Southern Silver announces brokered private placement with Gravitas Securities.Plans to issue up to 12,500,000 units in a brokered private placement at a price of $0.40 per unit.

Southern Silver Announces Equity Financing

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.

Southern Silver Exploration Corp Identifies New High-Grade Gold-Silver Discovery and Extends Known Zones at Cerro Las Minitas

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.

Southern Silver Exploration Corp closes $1 million unit offering and commences $2 million exploration program at cerro Las Minitas

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.

Southern Silver Exploration Corp announces units offering to existing shareholders

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.

Radius Gold Inc acquired direct ownership of 6,000,000 common shares in Southern Silver Exploration Corp

Radius Gold Inc:Says as a result of conversion of $300,000 of a debt owing to Radius by Southern Silver Exploration Corp, Radius Gold Inc has acquired direct ownership of 6,000,000 common shares in Southern Silver Exploration Corp.Says shares were issued at a deemed price of $0.05 per share and represent 13.49 pct of Southern Silver's outstanding common shares.

Southern Silver Exploration Corp closes private placement

Southern Silver Exploration Corp:Closes the final tranche of its private placement by issuing 1,810,000 units at a price of $0.08 per unit to raise $144,800.Each unit consists 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.Together with the previously announced closing of the financing last week, the Company has raised an aggregate $1,600,000.Net proceeds from the private placement will be used for claim maintenance and general exploration expenses on the Cerro Las Minitas Property, Mexico and the Oro Property, New Mexico and will be added to general working capital.Securities issued pursuant to this tranche of the private placement carry a legend restricting trading of the securities until July 12.

Southern Silver announces private placement

Southern Silver Exploration Corp:Plans to issue up to 20,000,000 Units in a non-brokered private placement at a price of $0.08 per Unit to raise proceeds of $1,600,000.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.Net proceeds from the private placement will be used for claim maintenance and general exploration expenses on the Cerro Las Minitas Property, Mexico and the Oro Property, USA and will be added to general working capital.

Southern Silver Exploration Corp obtains loan facility

Southern Silver Exploration Corp:Says that it has entered into a loan facility arrangement with Radius Gold Inc to borrow C$800,000 to fund the final payments of $600,000 to fully exercise its option to acquire the Cerro Las Minitas mineral claims in Durango, Mexico.

Southern Silver Exploration Corp Closes Oversubscribed Financing

Southern Silver Exploration Corp. announced that it has closed the second tranche of its previously reported non-brokered private placement by issuing 18,200,000 units at a price of $0.02 per unit for gross proceeds of $364,000. Together with the first tranche closing on September 13, 2013, Southern Silver has raised a gross total of $500,603; an oversubscription of the offering. Each unit consists 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 $0.05 per share. Securities issued pursuant to this tranche of the private placement, including common shares, share purchase warrants and finder's warrants issued as finder's fees, carry a legend restricting trading of the securities until February 12, 2014. 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 payment of finder's fees are subject to acceptance for filing by the TSXV. The private placement has been approved by Southern Silver's board of directors, excluding those directors that have a direct interest in the private placement by participation in the financing.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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