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Southern Silver Exploration Corp. — Capital/Financing Update 2020
Sep 14, 2020
44028_rns_2020-09-14_0f1cf894-fe5b-4c5c-854e-69ca7f1e0e9b.pdf
Capital/Financing Update
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51-102F3 MATERIAL CHANGE REPORT
Item 1 Name and Address of Company
Southern Silver Exploration Corp. (the “Company”) 1100 – 1199 West Hastings Street Vancouver, BC V6E 3T5
Item 2 Date of Material Change
September 11, 2020
Item 3 News Release
A news release was issued in Vancouver, British Columbia on September 14, 2020 and distributed through Newsfile Corp.
Item 4 Summary of Material Change
The Company closed its previously announced non-brokered private placement.
Item 5 Full Description of Material Change
The Company has closed the recently announced non-brokered private placement for 1,200,000 units (“Units”) at a price of $0.38 per Unit for gross proceeds of $456,000. Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.50 per share. The common shares and warrants carry a legend restricting trading of the securities until January 12, 2021.
Item 6 Reliance on subsection 7.1(2) of National Instrument 51-102
This report is not being filed on a confidential basis in reliance on subsection 7.1(2) of National Instrument 51-102.
Item 7 Omitted Information
No information has been omitted on the basis that it is confidential information.
Item 8 Executive Officer
The following officer of the Company is knowledgeable about the material change disclosed in this report: Arie Page, Corporate Secretary, Tel: (604) 641-2777
Item 9 Date of Report
September 14, 2020