Articles Tagged "TSXV:SSV"

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.

13 Companies That Announced Equity Raises Last Week

Gold – According to the Weekly Dig from Haywood Securities, 12 companies announced equity raises of at least $500,000. It's no surprise that gold miners made up the majority of the list, but companies from the uranium, copper, silver and lithium spaces are also on it.

Southern Silver Enters Loan Facility with Radius Gold for Cerro Las Minitas

Southern Silver Exploration Corp. (TSXV:SSV) entered into a loan facility arrangement with Radius Gold Inc. for $CDN 800,000 to fund the final payments of $USD 600,000 to fully exercise its option to acquire the Cerro Las Minitas mineral claims in Durango, Mexico. In exchange, Radius has an exclusive option for 120 days to settle terms of a business arrangement for the acquisition of a direct or indirect interest in the claims.