Southern Silver Boosts Private Placement to $4.5M

Southern Silver Exploration (TSE:SSV) has released an update.

Southern Silver Exploration Corp. has upscaled its non-brokered private placement from $3.3 million to $4.5 million due to high demand, planning to issue over 20 million units at $0.22 each to fund the development of its Cerro Las Minitas property in Mexico and for working capital. The units include shares and half-warrants, with full warrants allowing the purchase of additional shares over a three-year period. The increase in funding demonstrates the company’s commitment to advancing the large-scale underground mining operation in a renowned mining jurisdiction.

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