Mr. Greg Davison reports
SILVER SPRUCE ANNOUNCES NON-BROKERED FINANCING OF UP TO $1,000,000
Silver Spruce Resources Inc. will undertake a non-brokered private placement financing comprising up to 10 million units at a price of 10 cents for gross proceeds of up to $1-million. Each unit will consist of one common share and a full warrant to purchase an additional common share at an exercise price of 15 cents per share for a period of three years from the closing of the private placement. The private placement is expected to close on or before Dec. 31, 2025.
The proceeds from the private placement will be used for exploration of the company’s mineral projects and general working capital.
The private placement is subject to the approval of the TSX Venture Exchange. Finders’ fees will be paid on the private placement in accordance with the policies of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce is a Canadian junior exploration company. The company’s diversified portfolio now includes:
- Jackie gold-silver project (100 per cent owned) — early-stage epithermal project with high-grade surface sampling and strong structural targets located less than 10 kilometres northwest from Minera Alamos’s Nicho deposit in Sonora, Mexico;
- Pino de Plata Ag project (option to earn 100 per cent) — high-grade silver property in Chihuahua, with historic artisanal mining located 15 kilometres west of Coeur Mining’s Palmarejo mine in western Chihuahua, Mexico;
- Melchett Lake volcanogenic massive sulphide zinc-silver-gold-copper project (100 per cent owned) — polymetallic project with historical drilling in the Thunder Bay mining district of Ontario.
Silver Spruce continues to investigate opportunities that management has identified or that have been presented to the company for consideration.