Silver Spruce Announces Granting of Extension for Closing of Second Tranche of Private Placement of Units
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Silver Spruce Announces Granting of Extension for Closing of Second Tranche
of Private Placement of Units
Bedford, NS- June 3, 2024 - (TSXV:SSE) – Silver Spruce Resources Inc. (the “Company”) is
pleased to announce that the TSX Venture Exchange has granted an extension to the closing of the
second tranche of its previously announced private placement (the “Private Placement”) of units
(“Units”) (see news releases of April 9 and May 14, 2024).
The Company is now required to close the second tranche of the P rivate Placement on or before
June 14, 2024, but expects to do so in advance thereof.
All securities issued in connection with the Private Placement are subject to a statutory hold period
expiring four months and one day from issuance. The Private Placement is subject to the approval
of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the
Melchett Lake Zn -Au-Ag project in northern Ontario and has signed Definitive Agreements to
acquire 100% interest in the Mystery Au project near recent discoveries by Sokoman Minerals
Corp. and New Found Gold Corp. among others in the Exploits Gold Belt, Newfoundland and
Labrador, 100% interest in the Pino de Plata Ag project located 15 kilometres west of Coeur
Mining's Palmarejo Mine in western Chihuahua, Mexico and up to 50% interest in Colibri
Resource’s Diamante Au-Ag project located from 5 kilometres to 15 kilometres northwest from
Minera Alamos's Nicho deposit in Sonora, Mexico. Silver Spruce also has a 50:50 joint venture
agreement with Colibri on the nearby Jackie Au project. 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) 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
Media Release
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This news release contains "forward -looking statements" within the meaning of Canadian securities legislation, including with
respect to: the plans of the Company; and the expected closing of the second tranche of the Private Placement. Although the
Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correc t.
Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words
"expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,"
"prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are
those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based
on the beliefs, estimates and opinions of the Company's management on the date the statements are made and involve several risks
and uncertainties, including adverse market conditions; and other factors beyond the control of the Company. Consequently, there
can be no assurances that such statements will prove to be accurate, and that actual results and future events could differ materially
from those anticipated in such statements. 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 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 accurate.