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Southern Empire Announces Private Placement Financing
Southern Empire Announces Private Placement Financing Canada NewsWire ...
About this update from Southern Empire Resources Corp
[{"type":"text","content":"\n \n \n \n Southern Empire Announces Private Placement Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 3, 2021\n \n /CNW/ - Southern Empire Resources Corp. (\"Southern Empire\") (TSX: SMP) announces that it proposes to undertake a non-brokered private placement financing of up to 10,000,000 units (each a \"Unit\") at a price of\n \n $0.10\n \n per Unit for gross proceeds of up to\n \n $1,000,000\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n Each Unit will consist of one common share of the Company (each a \"Share\") and one share purchase warrant (each a \"Warrant\"), with each Warrant entitling the holder to purchase one additional Share of the Company at a price of\n \n $0.15\n \n per Share for a period of three years from the date of issue.\n \n \n The proceeds of the Offering will be used for exploration on its mineral properties and working capital purposes. Southern Empire anticipates that insiders will participate in the Offering.\n \n \n The Company may pay finders a fee of cash and/or share purchase warrants.\n \n \n \n Qualified Person\n \n \n \n The scientific and technical information contained in this news release has been prepared, reviewed and approved by\n \n David Tupper\n \n , P.Geo. (\n \n British Columbia\n \n ), Southern Empire's VP Exploration and a Qualified Person (\"QP\") within the context of Canadian Securities Administrators' National Instrument 43-101; Standards of Disclosure for Mineral Projects (NI 43-101).\n \n \n \n About Southern Empire Resources Corp\n \n \n .\n \n \n \n Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in\n \n North America\n \n .\n \n \n In northeastern Durango State, México, Southern Empire has an option to acquire a 100-per-cent beneficial interest in the 1,750-hectare Pedro Gold Project where 2014 drilling by a subsidiary of Newmont Mining Corporation encountered epithermal gold mineralization within basal conglomerates of the Ahuichila Formation. At Pedro...