22:17:26 EDT Tue 26 May 2026
Enter Symbol
or Name
USA
CA



Southern Empire Resources Corp
Symbol SMP
Shares Issued 74,347,800
Close 2026-05-21 C$ 0.06
Market Cap C$ 4,460,868
Recent Sedar+ Documents

Southern Empire increases financing to $1.75-million

2026-05-26 19:32 ET - News Release

Mr. Dale Wallster reports

SOUTHERN EMPIRE INCREASES PRIVATE PLACEMENT TO $1,750,000 CAD

Southern Empire Resources Corp., due to strong investor demand, has increased its previously announced non-brokered private placement financing from 15 million common shares at a price of seven cents per common share for gross proceeds of $1.05-million to 25 million common shares at seven cents per common share for gross proceeds of up to $1.75-million.

The securities issued under the offering will be subject to resale restrictions for a period of four months from the date of issue. Southern Empire may pay finders a fee equal to 6 per cent of the proceeds from such finders.

The funds of the offering will be used for working capital purposes, as well as exploration on Southern Empire's mineral properties, as well as working capital purposes.

Closing of the offering is subject to the 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, Mexico, 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 Corp. 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 per cent of the historical gold-producing American Girl mine property and holds options to acquire a 100-per-cent interest in 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 ores until AGMJV operations ceased in late 1996, because of declining gold prices leaving the Oro Cruz property, with many gold exploration targets in addition to a historical inferred resource estimate, reported in 2011 by Lincoln Mining Corp., totalling 341,800 ounces gold based on 4,386,000 tonnes averaging 2.2 grams per tonne gold (g/t Au) at a cut-off grade of 0.68 g/t Au (4,835,000 tons at 0.07 ounce gold per ton).

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