- Southern Silver Exploration (SSV) has closed a C$9.0 million bought deal private placement
- The company also expects to close a non-brokered private placement shortly, consisting of 6-million units
- The non-brokered private placement will net the company a further $3-million in gross proceeds
- The company will use the proceeds for the exploration and advancement of its Cerro Las Minitas silver-lead-zinc project in Mexico
- Southern Silver is unchanged, trading at $0.49 at 3:18 pm ET
Southern Silver Exploration (SSV) has closed a C$9.0 million bought deal private placement.
The Vancouver-based company issued a total of 18-million units at a price of $0.50 per unit for gross proceeds of $9 million.
The company also expects to close a non-brokered private placement shortly, consisting of 6-million units.
The non-brokered private placement will net the company a further $3-million in gross proceeds.
Aggregate gross proceeds from both offerings will total $12,000,000.
The company expects to use the proceeds for the exploration and advancement of its Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico.
The bought deal private placement is subject to TSX Venture Exchange acceptance.
Southern Silver is an exploration and development company with a focus on the discovery of world-class mineral deposits and a specific emphasis on its 100-per-cent owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits.
Southern Silver is unchanged, trading at $0.49 at 3:18 pm ET.