Southern Silver Closes Second Tranche of Private Placement

Southern Silver Exploration Corp. (TSXV:SSV) closes non-brokered unit private placement by issuing 10,601,000 units at a price of $0.10 per unit for gross proceeds of $1,060,100.

The press release is quoted as saying:

Southern Silver also reports that it has granted incentive stock options to directors, officers, consultants and employees, to purchase 2.5 million common shares at $0.17 per share exercisable for a period of five years in accordance with Southern Silver’s stock option plan. The options are subject to acceptance for filing by the TSX Venture Exchange.

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