Southern Empire Resources : Announces Private Placement Financing

About this update from Southern Empire Resources Corp

Southern Empire Resources Corp. (Southern Empire or "the Company"; TSX-V: SMP; Frankfurt: 5RE; OTC: SMPEF) announces a non-brokered private placement financing of up to 15,000,000 common shares of the Company at a price of $0.07 per share for gross proceeds of up to $1,050,000 (the "Offering"). The securities issued pursuant to the Offering will be subject to resale restrictions for a period of four months from the date of issue. Southern Empire may pay finder's a fee equal to 6% of the proceeds from such finder. The funds raised by the Offering will be used for exploration on Southern Empire's mineral properties as well as working capital purposes. The Offering is subject to acceptance of the TSX Venture Exchange. About Southern Empire Resources Corp. Southern Empire is focused on the acquisition, exploration and development of metals and minerals deposits in North America. 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. At Pedro, in the spring of 2022, Southern Empire drilled gold mineralization approximately 800 metres from 2014 drilling by a subsidiary of Newmont Mining Corporation. Gold mineralization, associated with highly anomalous arsenic (orpiment and realgar common), antimony, mercury and thallium, has been identified hosted in permeable basal conglomerates deposited during Oligocene extensional deformation, the latter forming widespread Basin and Range physiography along the easter part of Sierra Madre Occidental. Gold is present in 12 of the 17 holes drilled at Pedro to date. Please see Southern Empire's news releases posted on SEDAR+ for further details. In the Cargo Muchacho mountains of Imperial County, California, Southern Empire owns 100 percent of both the historical gold-producing American Girl mine property and the adjacent 2,160-hectare (5,338-acre) Oro Cruz Property located approximately 22.5 kilometres (14 miles) southeast of the operating Mesquite gold mine of Equinox Gold Corp. At Oro Cruz, extensive historical drilling and large-scale open-pit and underground mining of the American Girl, Padre y Madre, Queen, and Cross oxide gold deposits by the American Girl Mining Joint Venture ("AGMJV") occurred between 1987 and 1996. During that time, gold was recovered by either heap leaching of lower-grade, or milling of higher-grade...

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