Southern Silver Announces Transformative Transaction to Acquire 100% of its Flagship Cerro Las Minitas Silver Project

Southern_23062020

Southern Silver Exploration Corp. (TSX.V: SSV) (the “Company” or “Southern Silver”) reported today that the Company has executed an agreement (the “Agreement”) with Electrum Global Holdings L. P. (“Electrum”) to purchase Electrum’s 60% indirect working interest in the Cerro Las Minitas Project (the “CLM Project”) in Durango, Mexico for payment of US$15 million, payable in cash and Southern Silver common shares. The purchase of such working interest will increase the Company’s working interest in the Project from 40% to 100%.

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