Southern Silver Announces Equity Financing

Southern Silver Exploration Corp. (“Southern Silver”) (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) plans to issue up to 12,000,000 units (“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.

Exploration on the company’s flagship Cerro Las Minitas property, Durango Mexico is funded by Electrum through a US$5.0M option on the property, with Southern Silver acting as operator.

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