Southern Silver Exploration Corp announced a non brokered private placement consisting of 13,000,000 units at CAD 0.27 for gross proceeds of CAD 3,510,000 on June 20, 2024. Each Unit will be comprised of one common share and one-half of one warrant. Each whole warrant entitles the holder thereof to purchase one common share for a period of 3 years at a price of CAD 0.40.

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. All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from closing. Completion of the Offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.