Contact Us/Request More Info

Show printable version of 'Silver Spruce Resources Inc. Announces Closing of ...' in a New Window


March 13, 2017
Silver Spruce Resources Inc. Announces Closing of Non --Brokered Private Placement

Bridgewater NS, Canada- March 13, 2017- Silver Spruce Resources Inc. (TSXV: SSE) announces that it has closed its current non-brokered private placement and raised gross proceeds of $459,500.00 (the offering). The offering will consist of the issuance of 5,743,750 shares and 5,743,750 warrants.

Units at $0.08 cents were offered which consisted of one common share in the capital of Silver Spruce and one purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of Silver Spruce for 12 cents ($0.12) at any time prior to the date which is twenty four months (2 years) from a particular closing date at which time the warrants will expire. All units acquired pursuant to the private placement, and shares which may be acquired upon the exercise of the warrants, are subject to a four month hold period in accordance with applicable securities legislation.

The gross proceeds will be used to meet operating obligations.

Finder's fees of $ 6,600.00 were paid.

The Offering is subject to fulfillment of the requirements of the TSX Venture Exchange

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc is a well positioned Canadian junior exploration company pursuing development of the Pino de Plata and the Encino De Oro epithermal silver/ base metal/ gold projects located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The company seeks Safe Harbour.

For further information:
Gordon Barnhill CFO/Director - Silver Spruce Resources Inc.
Tel: 902-527-5700 Fax: 902-527 5711 email: gbarnhill@silverspruceresources.com

You can view the Next News item: Tue Mar 21, 2017, Silver Spruce Signs Purchase Agreement for 100% interest in Past-Producing Kay Mine in Arizona, USA

You can view the Previous News item: Mon Dec 19, 2016, Silver Spruce Receives Positive Geochemical Results and Provides Reconnaissance Field Work Results for Encino De Oro Project

You can return to the main News page, or press the Back button on your browser.