Southern Silver Exploration Corp. continues to advance the Cerro Las Minitas project with the approval of a 2016 Phase I Exploration Budget and receipt of US$750,000 in funding from Electrum Global Holdings L.P., which is financing a broad range of exploration activities to earn a 60% interest in the project. Crew mobilization is underway with work on the property expected to begin in the first week of April.
Excellon Resources Inc., Mexicos highest grade silver producer, is pleased to announce a non-brokered equity private placement in the Company by Eric Sprott for gross proceeds of C$3,000,000 through the issuance of 6,666,667 units at a price of $0.45 per unit. Each Unit will consist of one common share and one half-share purchase warrant of the Company. Each full Warrant will entitle the holder to purchase one additional common share of the Company at a price of $0.65 per share for a period of 24 months from the closing date.
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