Southern Silver Exploration Corp. (SSVFF)

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FRC Fundamental Research Corp
Company Name: Southern Silver Exploration Corp.
Ticker Symbol: SSV
Current Share Price: $0.21
FRC Fair Value Estimate: $0.52
Date of PR: TSXV: Aug-14-2019

PR Content:
Raised $3.1 million of a previously announced $4.5 million non-brokered private placement by issuing units at $0.20 per unit. Each unit consisted of a common share and one full warrant (exercise price of $0.25 per share for five years) /t silver. KTN’s shares are up 75% since we launched in November 2018

FRC Opinion Positive –
Investment demand is primarily a result of stronger silver prices, and a recently updated resource on its flagship Cerro Las Minitas silver-lead-zinc property in Durango, Mexico. Indicated AgEq (silver equivalent) contained resources increased 15% to 134 Moz, and inferred AgEq contained resources increased 49% to 138 Moz. New York based Electrum Group maintains a 60% interest in the project, as well as 36% of the total outstanding shares of SSV. SSV’s shares are up 45% since our previous update report in June 2019.