Electrum Global Holdings L.P. Acquires Securities of Southern Silver Exploration Corp.
(firmenpresse) - NEW YORK, NEW YORK -- (Marketwired) -- 03/09/15 -- Electrum Global Holdings L.P. ("Electrum") announces that it acquired ownership of 15,884,593 units (the "Units") of Southern Silver Exploration Corp. ("Southern Silver"). Each Unit consists of one common share ("Shares") in the capital of Southern Silver and one common share purchase warrant (the "Warrants") entitling the holder(s) thereof to purchase one additional common share (a "Warrant Share") at an exercise price of US$0.08 per Warrant Share at any time prior to March 5, 2020. The Units were acquired in a treasury private placement which closed on March 5, 2015.
Electrum owns 15,884,593 Shares representing approximately 43.31% of the issued and outstanding Shares. Electrum also owns Warrants exercisable for 15,884,593 Shares which, if exercised, would result in Electrum owning approximately 60.45% of the issued and outstanding Shares (assuming no other securities convertible into or exercisable for Southern Silver''s common shares are converted or exercised).
The Warrants and Shares referred to above are held for investment purposes and Electrum and/or one or more of its affiliates may, depending on market and other conditions, increase or decrease its beneficial ownership of Shares or other securities of the issuer whether in the open market, by privately negotiated agreement or otherwise.
Electrum is located at 535 Madison Avenue, 11th Floor, New York, NY, USA 10022. A copy of the early warning report relating to this acquisition can be obtained from Michael Williams (646-365-1600) or on the SEDAR profile of Southern Silver at .
Contacts:
Michael Williams
646-365-1600
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Datum: 09.03.2015 - 16:00 Uhr
Sprache: Deutsch
News-ID 1342795
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