Mr. Lawrence Page reports
SOUTHERN SILVER ANNOUNCES PRIVATE PLACEMENT
Southern Silver Exploration Corp. plans to issue up to 16,666,666 units in a non-brokered private placement at a price of three cents per unit to raise $500,000. Each unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of five cents per share.
Net proceeds from the private placement will be utilized for county and claim fees to maintain the status of the company's properties, and for general working capital. The private placement is being conducted pursuant to the TSX Venture Exchange bulletin of April 12, 2013, Private Placements -- Extension and Modification of Temporary Relief from Certain Pricing Requirements. The private placement and any finders' fees that may be payable are subject to acceptance for filing by the TSX-V.
We seek Safe Harbor.
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