Southern Silver Announces Brokered Private Placement With Gravitas Securities

Southern Silver Exploration Corp. (“Southern” or “the Company”) has entered into an agreement with Gravitas Securities Inc. (“GSI” or the “Lead Agent”) and such other co-agents (collectively, the “Agents”) as may be agreed to by the Lead Agent for the Company’s $5,000,000 Private Placement. The Company plans to issue (the “Offering”) up to 12,500,000 units (“Units”) in a brokered private placement at a price of $0.40 per Unit (the “Offering Price”). Each Unit will consist of one common share and one transferable share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.55 per share.

Southern  has  arranged  an  initial  subscription  from  Electrum  Global  Holdings  L.P. (“Electrum”) to purchase 36% of the total Units sold in this Offering.

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