Southern Silver Exploration Corp.

Southern Silver Exploration Corp.

April 03, 2006 12:23 ET

Southern Silver Announces Non-Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 3, 2006) - Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FWB:SEG) reported today that the company has arranged a non-brokered private placement of up to 600,000 units at a price of $1.00 per unit.

The units will comprise of one common share and one share purchase warrant. Each warrant can be exercised for one common share at a price of $1.00 per share for a period of two years.

The proceeds of the offering will be used for working capital.

The financing arrangements are subject to regulatory approval.

On behalf of the Board of Directors

Robert E. Swenarchuk, Director, Southern Silver Exploration Corp.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Southern Silver Exploration Corp. relies upon litigation protection for forward-looking statements.

Contact Information

  • Southern Silver Exploration Corp.
    Jay Oness
    1-888-456-1112 or (604) 684-9384
    (604) 688-4670 (FAX)