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Posted by
Two Blokes Jul 15 -
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Stock
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Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - Southern Silver Exploration Corp. (TSXV: SSV) (the "Company" or "Southern Silver") reports that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud"), as sole underwriter and bookrunner, pursuant to which Red Cloud has agreed to purchase for resale 29,629,630 units of the Company (each, a "Unit") at a price of C$0.27 per Unit (the "Offering Price") on a "bought deal" basis in a private placement for gross proceeds of approximately C$8,000,000 (the "Underwritten Offering"). Each Unit will consist of one common share of the Company (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant").
