Silver Spruce Announces Flow-Through Private Placement for up to $1,000,000
Silver Spruce Announces Flow-Through Private Placement for up to $1,000,000
Bedford, NS- 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 $0.0 25 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% intere st 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 acquire 100% interest in the Mystery
Au project in the Exploits Subzone 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 Co mpany for
consideration.
Contact:
Silver Spruce Resources Inc.
Michael Kinley, CEO
(902) 402-0388
www.silverspruceresources.com
Neither 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 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 regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing
on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-
looking statements are made as of the date of this news release, and we assume no obligation to update the forward -looking
Media Release
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 i ntentions contained in this press release are reasonable, there can
be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.