Silver Spruce Announces Receipt of Final Kay Mine Payment
Silver Spruce Announces Receipt of Final Kay Mine Payment
July 16, 2019 - Bridgewater, NS - (TSXV:SSE) – Silver Spruce Resources Inc. ("Silver Spruce"
or the "Company") is pleased to announce that it has received the final payment for Kay Mine
from Croesus Gold Corp.
The Company would like to thank Croesus Gold Corp. for its final payment of $150,000 which
concludes Silver Spruce’s sale of the Kay Mine project. Silver Spruce extends best wishes to
Croesus on its endeavour to advance the project.
Silver Spruce will use some of the proceeds from the sale of the Kay Mine to immediately fund
the due diligence program at its advanced Cocula gold project.
Current Financing Update
The Company has eliminated the forced conversion provision on its warrants to be issued in
conjunction with its current financing. Silver Spruce is offering units at $0.05 which include one
share and one, full, two-year purchase warrant which can be exercised at $0.075.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing development of
the Pino De Plata project, located in the prolific Sierra Madre Occidental region of western
Chihuahua State in Mexico. The Company has signed a binding Letter of Agreement to acquire
100% of the advanced Cocula gold project in Jalisco State, Mexico. Silver Spruce Resources Inc.
continues to investigate opportunities that Management has identified or that have been presented
to the Company for consideration.
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. The company seeks Safe Harbour.
Contact:
Silver Spruce Resources Inc.
Karl Boltz, President/CEO/Director
(866) 641-3397
www.silverspruceresources.com
Media Release