12:10 PM EST, 01/23/2025 (MT Newswires) -- Southern Silver Exploration ( SSVFF ) on Thursday upsized its private placement of share units while lowering their price.

The company will now issue 14-million units at $0.18 each, to raise $2.5 million. The company had previously agreed to issue 10-million units at $0.22 each, to raise $2.2 million.

Each unit is made up of a share and half of a three-year warrant to buy a second share for $0.28.

Proceeds will be used to advance the Cerro Las Minitas project in Durango, Mexico.

Southern Silver was last seen down $0.005 to $0.175 on the TSX Venture Exchange.

Price: 0.18, Change: -0.01, Percent Change: -2.78