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Southern Silver Amends Previously Announced Non-Brokered LIFE Private Placement
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") announces that it has amended the previously announced non-brokered private placement which will now consist of up to 7,272,726 common shares of the Company (the "Shares") at a price of $0.55 for gross proceeds of up to $3,999,999.30 (the "Offering"). Subject to compliance with applicable regulatory requirements and in accordance with National...
About this update from Southern Silver Exploration Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2026) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") announces that it has amended the previously announced non-brokered private placement which will now consist of up to 7,272,726 common shares of the Company (the "Shares") at a price of $0.55 for gross proceeds of up to $3,999,999.30 (the "Offering"). Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 – Prospectus Exemptions ("NI 45-106"), the Shares will be offered for sale to purchasers resident in the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. The Shares are expected to be immediately freely tradeable in accordance with applicable Canadian securities legislation if sold to purchasers resident in Canada. The Shares may also be sold in offshore jurisdictions and in the United States on a private placement basis pursuant to one or more exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"). There is an amended and restated offering document (the "Amended Offering Document") related to this Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://southernsilverexploration.com/. Prospective investors should read the Amended Offering Document before making an investment decision. The Offering is scheduled to close on or about June 12, 2026, or on such other date as the Company determines. The Company may pay finders' fees comprised of cash and non-transferable warrants in connection with the Offering, subject to compliance with the policies of the TSX Venture Exchange. Completion of the Offering and the payment of any finders' fees are subject to the approval of the TSX Venture Exchange. Proceeds of the Offering will be used for the advancement of the Cerro Las Minitas project as well as for working capital and general corporate purposes. Advancement of Cerro Las Minitas includes infill drilling of up to 1...
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