Southern Silver Reports on Equity Raise and Corporate Matters
March 6, 2015
Equity raise: A Unit Offering of 20 million Units priced at $0.08 per Unit has been fully subscribed and the first tranche of $1,455,200 has closed with the balance of $144,800 expected to close prior to March 13, 2015. Electrum Global Holdings L.P. purchased 15,884,593 Units representing 41% of the then issued capital of the Company. Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.
