Southern Hemisphere Mining Limited
TSX VENTURE : SH

Southern Hemisphere Mining Limited

September 08, 2009 10:25 ET

Southern Hemisphere Closes $1.04 Million Tranche and Commences Core Drilling

SOUTHERN HEMISPHERE CLOSES $1.04 MILLION TRANCHE OF NON-BROKERED PRIVATE PLACEMENT AND COMMENCES CORE DRILLING AT LOS PUMAS MANGANESE PROJECT

TORONTO, CANADA--(Marketwire - Sept. 8, 2009) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Southern Hemisphere Mining Limited (TSX VENTURE:SH) ("Southern Hemisphere" or the "Corporation") wishes to announce that it has completed the first tranche of its $3,000,000 non-brokered private placement. A total of $1,040,000 was raised in the first tranche, consisting of 5,200,000 units at a price of $0.20 per unit. Each unit consists of one common share and one-half of one share purchase warrant. One whole warrant entitles the holder to purchase one additional common share at a price of $0.40 per share for a period of two years. The units are subject to a four month statutory hold period expiring December 29, 2009. The balance of the private placement is expected to be completed in the near future.

The company has commenced a core drilling program at the Los Pumas Manganese Project. The drilling will provide samples for metallurgical test work and a check on the results of the previously completed reverse circulation drilling.

About Southern Hemisphere Mining Limited

Southern Hemisphere is a South American focused resource company focused on exploring for large tonnage base metal opportunities in Chile. The Company currently has thirteen base metal projects in Chile with prospective exploration ground covering mineralized porphyry copper systems, copper-gold systems, and manganese, uranium and iron prospects.

The Company has commenced an exploration and resource drill program at its Los Pumas manganese Project located in Northern Chile. This project has the potential to host a substantial manganese resource.

This news release has been prepared by management and no regulatory authority has approved or disapproved the information contained herein.

Shares Outstanding: 52,685,687

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Clark Kent
    Investor Relations
    1-416-883-3838
    ckent@currentmca.com
    or
    Southern Hemisphere Mining Limited
    Trevor Tennant
    President
    +61-8-9481-2122