Business
Silver Spruce Announces Flow-Through Private Placement for up to $1,000,000
BEDFORD, NS / ACCESSWIRE / June 15, 2023 / (TSXV:SSE) - Silver Spruce Resources Inc. (the "Compa...
About this update from Silver Spruce Resources Inc.
[{"type":"text","content":"Silver Spruce Announces Flow-Through Private Placement for up to $1,000,000BEDFORD, NS / ACCESSWIRE / June 15, 2023 / (TSXV:SSE) - Silver Spruce Resources Inc. (the \"Company\") announced today a private placement comprising flow-through units of up to $1,000,000. The private placement consists of the issuance of up to 40,000,000 units at a price of $0.025 per unit for gross proceeds of up to $1,000,000. Each unit consisted of one flow-through common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period of 24 months.Finder's fees will be paid subject to regulatory approval. The securities issued pursuant to the private placement will have a hold period expiring 24 months from the date of closing.The Company expects final closing of the private placement by June 30, 2023.About Silver Spruce Resources Inc.Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, and up to 50% interest in each of Colibri's Jackie Au and Diamante Au-Ag projects. Silver Spruce has signed Definitive Agreements to acquire100% interest in the MysteryAu project in the ExploitsSubzone Gold Belt, Newfoundland and Labrador, and the Pino de Plata Ag project in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.Contact:Silver Spruce Resources Inc.Michael Kinley, CEO(902) [email protected]@silverspruceresources.comwww.silverspruceresources.comNeither 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.Notice Regarding Forward-Looking StatementsThis news release contains \"forward-looking statements,\" Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to, statements re...