Southern Silver Exploration Corp. (TSXV: SSV,OTC:SSVFF) (the “Firm” or “Southern Silver”) reviews that it has entered into an settlement with Crimson Cloud Securities Inc. (“Crimson Cloud”), appearing as sole underwriter and bookrunner, pursuant to which Crimson Cloud has agreed to buy for resale 10,000,000 frequent shares within the capital of the Firm (every, a “Widespread Share”) at a worth of C$0.50 per Widespread Share (the “Providing Worth”) on a “purchased deal” foundation in a non-public placement for gross proceeds of roughly C$5,000,000 (the “Underwritten Providing”).
The Firm will grant to Crimson Cloud an possibility, exercisable as much as 48 hours previous to the Closing Date, to buy for resale as much as a further 2,000,000 Widespread Shares on the Providing Worth for extra gross proceeds of as much as roughly C$1,000,000 (the “Over-Allotment Choice”). The Underwritten Providing and the securities issuable upon train of the Over-Allotment Choice shall be collectively known as the “Providing”.
The Firm intends to make use of the online proceeds from the Providing for the development of the Cerro Las Minitas mission situated within the state of Durango, Mexico in addition to for working capital and common company functions, as is extra totally described within the Providing Doc (as outlined herein).
Topic to compliance with relevant regulatory necessities and in accordance with Nationwide Instrument 45-106 – Prospectus Exemptions (“NI 45-106”), the Widespread Shares will probably be provided on the market to purchasers resident within the provinces of British Columbia, Alberta, Manitoba, Saskatchewan and Ontario pursuant to the listed issuer financing exemption below Half 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 – Exemptions from Sure Situations of the Listed Issuer Financing Exemption (the “Listed Issuer Financing Exemption”). The Widespread Share are anticipated to be instantly freely tradeable in accordance with relevant Canadian securities laws if offered to purchasers resident in Canada. The Widespread Shares may additionally be offered in offshore jurisdictions and in the US on a non-public placement foundation pursuant to a number of exemptions from the registration necessities of the US Securities Act of 1933, as amended (the “U.S. Securities Act”).
There’s an providing doc (the “Providing Doc”) associated to the Providing that may be accessed below the Firm’s profile at www.sedarplus.ca and on the Firm’s web site at: www.southernsilverexploration.com. Potential buyers ought to learn this Providing Doc earlier than investing determination. The Providing is scheduled to shut on or about December 16, 2025 or such different date because the Firm and Crimson Cloud might agree (the “Closing Date”). Completion of the Providing is topic to sure situations together with, however not restricted to, the receipt of all mandatory regulatory approvals, together with the approval of the TSX Enterprise Alternate.
This information launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase nor shall there be any sale of any of the securities in any jurisdiction during which such supply, solicitation or sale can be illegal, together with any of the securities in the US of America. The securities referred to on this information launch haven’t been, and won’t be, registered below the U.S. Securities Act or any U.S. state securities legal guidelines, and is probably not provided or offered in the US or to, or for the account or good thing about, U.S. individuals, absent registration or any relevant exemption from the registration necessities of the U.S. Securities Act and relevant U.S. state securities legal guidelines.
About Southern Silver Exploration Corp.
Southern Silver Exploration Corp. is an exploration and improvement firm with a deal with the invention of world-class mineral deposits both immediately or by means of joint-venture relationships in mineral properties in main jurisdictions. Our particular emphasis is the 100% owned Cerro Las Minitas silver-lead-zinc mission situated within the coronary heart of Mexico’s Faja de Plata, which hosts a number of world-class mineral deposits similar to Penasquito, Los Gatos, San Martin, Naica and Pitarrilla. We have now assembled a crew of extremely skilled technical, operational and transactional professionals to help our exploration efforts in creating the Cerro Las Minitas mission right into a premier, high-grade, silver-lead-zinc mine. Situated in the identical State because the Cerro Las Minitas property is the newly acquired Nazas property. Our property portfolio additionally contains the Oro porphyry copper-gold mission and the Hermanas gold-silver vein mission the place allowing functions for the conduct of a drill program is underway, each situated in southern New Mexico, USA.
Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.
This information launch comprises forward-looking statements. Ahead-looking statements tackle future occasions and situations and subsequently contain inherent dangers and uncertainties. Precise outcomes might differ materially from these presently anticipated in such statements. Specifically, this press launch comprises forward-looking data regarding, amongst different issues, the Providing, the anticipated cut-off date of the Providing, the meant use of proceeds of the Providing, approval of the TSXV and the submitting of the Providing Doc. These statements are primarily based on plenty of assumptions, together with, however not restricted to, common financial situations, rates of interest, commodity markets, regulatory and governmental approvals for the Firm’s initiatives, and the supply of financing for the Firm’s improvement initiatives on affordable phrases. Components that would trigger precise outcomes to vary materially from these in forward-looking statements embody the timing and receipt of presidency and regulatory approvals, and continued availability of capital and financing and common financial, market or enterprise situations.
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