Business
Silver Sands Proceeds to Private Placement and Debt Settlement
Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Silver Sands Resources Corp. (CSE: SAND) (OTCQB: SSRSF) (the "Company" or "Silver Sands") the Company is pleased to announce that, pursuant to its price protection, it will proceed to a private placement financing of up to 6,500,000 Units @ $0.075 per Unit for gross proceeds of up to $487,500. Each Unit consists of one common share at $0.075 and one-half of one transferable share purchase warrant. Each whole warrant, (a...
About this update from Silver Sands Resources Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 29, 2026) - Silver Sands Resources Corp. (CSE: SAND) (OTCQB: SSRSF) (the "Company" or "Silver Sands") the Company is pleased to announce that, pursuant to its price protection, it will proceed to a private placement financing of up to 6,500,000 Units @ $0.075 per Unit for gross proceeds of up to $487,500. Each Unit consists of one common share at $0.075 and one-half of one transferable share purchase warrant. Each whole warrant, (a "Warrant") is exercisable at $0.15 per common share for a period of 24 months from closing.","length":627,"tagName":"p"},{"type":"text","content":"7% Finders fees in cash and warrants may be payable on a portion of the Private Placement.","length":90,"tagName":"p"},{"type":"text","content":"Debt Settlement","length":15,"tagName":"p"},{"type":"text","content":"The Company has entered into debt settlement agreements with two directors, the corporate secretary and one consultant of the Company, the latter being an arm's length third party, pursuant to which the Company has agreed to issue an aggregate of 2,365,000 Units (each, a "Unit") at a deemed price of $0.075 per Unit, to settle a total indebtedness of CAD$ 177,375.00 Each Unit consists of one common share at $0.075 and one-half of one transferable share purchase warrant. Each whole warrant, (a "Warrant") is exercisable at $0.15 per common share for a period of 24 months from closing.","length":612,"tagName":"p"},{"type":"text","content":"The Company has resolved to satisfy the outstanding indebtedness with Shares and warrants to preserve its cash for operations.","length":126,"tagName":"p"},{"type":"text","content":"The Private Placement and Debt Settlement transactions are subject to the approval of the Canadian Securities Exchange. Pursuant to the financing and debt settlement, an aggregate of 8,865,000 common shares and 4,432,500 Warrants will be subject to a four month and one day hold period.","length":286,"tagName":"p"},{"type":"text","content":"The Company is scheduled to close the Private Placement and Debt Settlement on or before February 10, 2026.","length":107,"tagName":"p"},{"type":"text","content":"About Silver Sands Resources Corp.","length":34,"tagName":"p"},{"type":"text","content":"Silver Sands is a Canada-bas...