Press Release Source: Southern Silver Exploration Corp.
Southern Silver Announces Non-Brokered Private Placement Monday April 3, 12:23 pm ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) - Southern Silver Exploration Corp. (TSX VENTURE:SSV - News; FWB:SEG) reported today that the company has arranged a non-brokered private placement of up to 600,000 units at a price of $1.00 per unit.
ADVERTISEMENT The units will comprise of one common share and one share purchase warrant. Each warrant can be exercised for one common share at a price of $1.00 per share for a period of two years.
The proceeds of the offering will be used for working capital.
The financing arrangements are subject to regulatory approval.
On behalf of the Board of Directors
Robert E. Swenarchuk, Director, Southern Silver Exploration Corp.
This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Southern Silver Exploration Corp. relies upon litigation protection for forward-looking statements.
Contact:
Jay Oness Southern Silver Exploration Corp. 1-888-456-1112 or (604) 684-9384 (604) 688-4670 (FAX) corpdev@mnxltd.com
Source: Southern Silver Exploration Corp.
Obwohl es nur eine kleinere Kapitalerhöhung ist, dürfte damit der Höhenflug für einige Zeit gestoppt sein. Aber SSV ist ja ein long term Investment und kein schneller Zock. |