01:48 PM EDT, 07/10/2024 (MT Newswires) -- Southern Silver Exploration ( SSVFF ) said Wednesday it upsized a non-brokered private placement to $4.5 million from it prior $3.3 million target.

The company now plans to issue up to 20.5-million units priced at $0.22 and made up of a share and one-half of three-year warrant to buy a second share for C$0.30

Southern Silver plans to use the proceeds for the continued development of the Cerro Las Minitas property in Durango, Mexico, and for working capital.

The company's shares were last seen up $0.005 to $0.27 on the TSX Venture Exchange.

Price: 0.27, Change: +0.01, Percent Change: +1.89