Southern Silver Closes First Tranche of Non-Brokered Financing

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/441-tsx-venture/ssv/17326-southern-silver-closes-first-tranche-of-non-brokered-financing.html#.Vt21s-TrvIU

VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 7, 2016) – Southern Silver Exploration Corp. (“Southern Silver”) (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) has closed the first tranche of its previously reported non-brokered private placement by issuing 7,620,000 units at a price of $0.05 per unit for gross proceeds of $381,000. Each unit consists of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 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 July 5, 2016.

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