TSXV:SSVMetals and Mining
Does Southern Silver (TSXV:SSV)ʼs Bought-Deal Financing Redefine Its Long-Term Capital Strategy?
Southern Silver Exploration Corp. previously announced a bought-deal private placement with Red Cloud Securities for 10,000,000 common shares at C$0.50 each, raising gross proceeds of C$5,000,000, with an option for a further 2,000,000 shares for about C$1,000,000.
This financing structure both strengthens Southern Silver’s cash position and signals that a specialized resource-sector underwriter is prepared to commit capital upfront.
We’ll now examine how this bought-deal financing, and the...