Articles Tagged "Southern Silver Exploration Corp."

Southern Silver Closes $1 Million Financing

Silver – Southern Silver Exploration Corp. (TSXV:SSV) announced the closing o its previously announced non-brokered private placement for $1,000,000, with each unit consisting of one common share without par value in the capital of the Company and one common share purchase warrant. Each Warrant entitles the holder to purchase one Share at a price of CDN$0.15 per Share for 5 years.

Southern Silver Announces Earn-in Agreement with the Electrum Group for Cerro Las Minitas

Silver – Southern Silver Exploration Corp. (TSXV:SSV) announced that Electrum Global Holdings L.P. has been granted the right to earn an indirect 60% interest in the Cerro Las Minitas property in Mexico. Electrum Global Holdings will be funding exploration and development expenditures of US$5 million on the Property over a maximum of 48 months.

Southern Silver Pays Credit Facility, Appoints Larry Buchanan and Peter Cheesbrough as Directors

Silver – Southern Silver Exploration Corp. (TSXV:SSV) issued six million shares to Radius Gold Inc. to pay for a debt of $300,000 owed by Southern Silver to Radius pursuant to a loan agreement dated November 13, 2014 in the amount of $800,000. Southern Silver has already paid the balance of $500,000, plus accrued interest in cash and has accordingly satisfied the loan agreement in advance of its due date. Southern Silver also announced the appointments of Larry Buchanan and Peter Cheesbrough as Directors of the Company.

Southern Silver Reports Results from AGM

Silver – Southern Silver Exploration Corp. (TSXV:SSV,FWB:SEG) reported that a financing of 20 million units at $0.08 per unit has been fully subscribed, the first tranche of $1,455,200 has closed. Southern Silver also announced that shareholders approved the following items at the AGM help on February 27: the designation of Electrum as a new control person, the adoption of a Shareholder Rights Plan, and the election of incumbent directors Lawrence Page, Q.C., David Roger Scammell, Dale Janowsky, Q.C., Eugene Spiering and Nigel Bunting.

Southern Silver Exploration – Acquisition, Exploration and Development in Mexico and New Mexico

Southern Silver Exploration Corp. (TSXV:SSV) is focused on acquisition, exploration and responsible development of potential major mining ventures in Mexico and New Mexico. In Mexico, since acquisition of the Cerro Las Minitas property in 2011, 75 holes have been drilled for a total of 23,310m leading to the discovery of 2 two high-grade silver-lead-zinc deposits (the Blind Zone and the El Sol Zone) and several other promising targets, including the South Skarn and Mina Santo Nino which are open at depth and in all directions.