03:28 PM EST - South American Silver Corp. : announced that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering of 10 million Units of the Company announced 16 April 2012. The offering was priced at $1.60 per Unit, which represented a 6% premium to the five-day volume weighted average trading price of the Company's common shares at the time the Toronto Stock Exchange accepted notice of the transaction. South American Silver Corp.
shares T.SAC are trading down $0.07 at $1.42.
