11:46 AM EST, 01/07/2025 (MT Newswires) -- Southern Silver Exploration ( SSVFF ) said it obtained a 30-day extension to close its $2.2 million non-brokered private placement.

The company issued up to 10-million units at $0.22 each. Each unit is made up of a share and half of a warrant. Each two-year warrant can buy a share for $0.32.

Proceeds will be used to develop the Cerro Las Minitas project in Durango, Mexico, and for general corporate and working capital purposes.

The company's shares were last seen down $0.01 to $0.19 on the TSX Venture Exchange.

Price: 0.19, Change: -0.01, Percent Change: -5.13