Southern Silver Closes First Tranche of Brokered Financing

https://www.newsfilecorp.com/release/27374/Southern-Silver-Closes-First-Tranche-of-Brokered-Financing#.WUBEZWg1_IU

Vancouver, British Columbia–(Newsfile Corp. – June 13, 2017) – Southern Silver Exploration Corp. (TSXV: SSV) (OTCQB: SSVFF) (FSE: SEG1) (“Southern Silver”) has closed the first tranche of its previously reported Brokered private placement by issuing 6,372,500 units at a price of $0.40 per Unit for gross proceeds of $2,549,000. Gravitas Securities Inc. is the lead agent of the $5 million placement of Units. 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 $0.55 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 October 14, 2017.

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