Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Southern Silver Exploration (SSV) has closed a C$9.0 million bought deal private placement
  • The company also expects to close a non-brokered private placement shortly, consisting of 6-million units
  • The non-brokered private placement will net the company a further $3-million in gross proceeds
  • The company will use the proceeds for the exploration and advancement of its Cerro Las Minitas silver-lead-zinc project in Mexico
  • Southern Silver is unchanged, trading at $0.49 at 3:18 pm ET

Southern Silver Exploration (SSV) has closed a C$9.0 million bought deal private placement.

The Vancouver-based company issued a total of 18-million units at a price of $0.50 per unit for gross proceeds of $9 million.

The company also expects to close a non-brokered private placement shortly, consisting of 6-million units.

The non-brokered private placement will net the company a further $3-million in gross proceeds.

Aggregate gross proceeds from both offerings will total $12,000,000.

The company expects to use the proceeds for the exploration and advancement of its Cerro Las Minitas silver-lead-zinc project located in Durango State, Mexico.

The bought deal private placement is subject to TSX Venture Exchange acceptance.

Southern Silver is an exploration and development company with a focus on the discovery of world-class mineral deposits and a specific emphasis on its 100-per-cent owned Cerro Las Minitas silver-lead-zinc project located in the heart of Mexico’s Faja de Plata, which hosts multiple world-class mineral deposits.

Southern Silver is unchanged, trading at $0.49 at 3:18 pm ET.

More From The Market Herald
Traction Uranium

" Traction Uranium (CSE:TRAC) announces new chairman and CFO

Traction Uranium (TRAC) has appointed Mr. Blair Way as the Chairman of the Board of Directors and Tasheel Jeerh as Chief Financial Officer.
FireFox Gold Corp. (TSXV:FFOX) - President & CEO, Carl Löfberg.

" FireFox (TSXV:FFOX) completes initial drilling at its Finland projects

FireFox Gold Corp. (FFOX)has competed initial drilling at its Jessiö, Mustajärvi, and Sarvi Projects in Finland.

" Cordoba Minerals (TSXV:CDB) releases diamond drilling results from San Matias Copper-Gold-Silver Project

Cordoba Minerals (CDB) released diamond drilling results from its San Matias Copper-Gold-Silver Project in Colombia.
Barrick Gold - CEO, Mark Bristow

" Barrick Gold (TSX:ABX) announces $70M investment in Tanzanian communities

Barrick Gold Corporation (ABX) has announced a $70 million investment to support the development and infrastructure of Tanzanian mine communities.