Silver Sands Announces Private Placement for up to $1,000,000
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED
STATES
Silver Sands Announces Private Placement for up to $1,000,000
Vancouver, British Columbia, July 22, 2020: Silver Sands Resources Corp. (the “Company” or
“Silver Sands”) (CSE: SAND) is pleased to announce a Private Placement of up to 4,000,000 Units
at $0.25 per Unit (the “Units”) for gross proceeds of up to $1,000,000. Each Unit will consist of
one common share at $0.25 per share (a “Share”) and one half of one common share purchase
warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to purchase one
common share at $0.30 per common share for a period of 24 months following the date of
issuance.
The Warrants are subject to an acceleration right that allows the Company to give notice of an
earlier expiry date if the Company’s share price on the CSE (or such other stock exchange the
Shares may be trading on) is equal to or greater than C$0.50 for a period of 10 consecutive trading
days.
The Company may pay a finder’s fee on all or a portion of the Private Placement in accordance
with the policies of the CSE. Proceeds of the private placement will be used for work on the
Company’s mineral properties and general working capital. The Private Placement is subject to
the acceptance of the CSE.
About Silver Sands Resources Corp.
Silver Sands is a well-financed, Canadian-based company engaged in the business of mineral
exploration and the acquisition of mineral property assets in mining -friendly jurisdictions. Its
objective is to locate and develop economic precious and base metal properties of merit. The
company has signed a definitive agreement with Mirasol Resources to acquire a 100-per-cent
interest in the 73,411-hectare Virginia silver project, its key asset. There is an indicated mineral
resource of 11.9 million ounces of silver at 310 grams per tonne silver and an inferred resource
of 3.1 million ounces of silver at 207 g/t Ag in 2016.
The technical content of this news release has been reviewed and approved by R. Tim
Henneberry, P.Geo. (BC) a Qualified Person under NI43-101 and a Director of Silver Sands.
On Behalf of the Board of Directors
Keith Anderson
Chief Executive Officer, President & Director
For further information, please contact:
Keith Anderson
Chief Executive Officer, President & Director (604) 786-7774
SILVER SANDS RESOURCES CORP.
Suite 830 – 1100 Melville Street
Vancouver, British Columbia V6E 4A6
https://www.silversandscorp.com
The Canadian Securities Exchange has not approved nor disapproved the contents of this news release.
Forward-Looking Statements:
This news release may include forward-looking information within the meaning of Canadian securities
legislation concerning the business of the Company. Forward-looking information is based on certain key
expectations and assumptions made by the management of the Company. Although the Company
believes that the expectations and assumptions on which such forward-looking information is based on
are reasonable, undue reliance should not be placed on the forward-looking information because the
Company can give no assurance that they will prove to be correct. Forward-looking statements contained
in this news release are made as of the date of this news release. The Company disclaims any intent or
obligation to update publicly any forward-looking information, whether as a result of new information,
future events or results or otherwise, other than as required by applicable securities laws.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company
undertakes no obligation to update any of the forward-looking statements in this presentation or
incorporated by reference herein, except as otherwise required by law.