Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) closed the second tranche of the Company’s non-brokered private placement. The issuance of 15,662,000 units has raised a total of $783,100.
As quoted in the press release:
In this second tranche closing, Southern Silver issued 7,660,000 units at a price of $0.05 per unit for gross proceeds of $383,000. 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 $0.10 per share.