Silver Spruce closes $ 1,205,800 private placement
BEDFORD, NS / ACCESSWIRE / October 4, 2021 / Silver Spruce Resources Inc. (TSXV: SSE) (FRA: S6Q1) today announced the closing of its private placement for proceeds of $ 1,205,800. The private placement consisted of the issuance of 24,116,000 units at a price of $ 0.05 per unit, each unit being made up of one common share and a warrant to purchase one additional common share at a price of $ 0.05 per unit. exercise price of $ 0.075 per share no later than September 29, 2024.
The securities issued within the framework of the private placement have a holding period expiring on January 30, 2022.
Finder’s fees of $ 2,935 were paid in connection with the private placement.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a junior Canadian exploration company that 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 a 50% stake in Yaque Minerales SA de CV owning the El Mezquite Au project, a precious metals project ready for drilling, and up to 50% interest in each of the Jackie projects Colibri’s Au and Diamante Au-Ag, with the three properties located 5 kilometers to 15 kilometers northwest of the Nicho de Minera Alamos deposit, respectively. The Company acquires a 100% interest in the fully licensed, drill-ready, Pino de Plata Ag project located 15 kilometers west of the Palmarejo de Coeur Mining mine in western Chihuahua, Mexico. Silver Spruce recently signed a definitive agreement to acquire a 100% interest in three exploration properties in the Exploits subzone gold belt, located 15-40 kilometers from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., in central Newfoundland. Silver Spruce Resources Inc. continues to review opportunities that management has identified or that have been presented to the Company for consideration.
Neither the 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 Statements
This press release contains “forward-looking statements”. private placement.
Actual results could differ from those projected in forward-looking statements due to many factors. These factors include, among others, the uncertainties inherent in mineral exploration and the difficulties associated with obtaining financing on acceptable terms. We do not control the prices of metals and these could fluctuate to make development unprofitable. These forward-looking statements are made as of the date of this press release, and we assume no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be correct.
THE SOURCE: Silver Spruce Resources Inc.
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