Silver Spruce Provides Update On Its Kay Mine Interest
Silver Spruce Provides Update On Its Kay Mine Interest
April 8, 2019 - Bridgewater, NS - (TSXV:SSE) (Frankfort-S6Q) – Silver Spruce Resources Inc.
("Silver Spruce" or the "Company") is pleased to announce that Croesus Gold Corp. a nnounced that
it entered a Letter of Intent for a p roposed Qualifying Transaction to become listed on the TSXVSE
via reverse takeover. The completion of the transaction ensure s that Silver Spruce will receive
$100,000 cash payment and receive $250,000 worth of shares of the new company once it is listed.
These cash and share payments were terms of the sale of the Kay Mine project to Croesus (please
see the Company’s news release of January 30, 2019).
“The Croesus announcement is a positive step toward bolstering our balance sheet and increasing
our diversity of assets. We believe the historic resource at the Kay Mine to be robust in grade and
open to expansion, with signific ant exploration activities. W e extend best wishes to Croesus as they
advance on the project,” stated Karl Boltz, CEO of Silver Spruce.
The full text of the Croesus announcement on MarketWatch can be found at this link:
https://www.marketwatch.com/press-release/croesus-gold-corp-and-ring-the-bell-capital-corp-announce-
letter-of-intent-for-a-proposed-qualifying-transaction-to-form-arizona-metals-corp-2019-04-04
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 also holds an indirect interest in the Kay Mine project accordin g to
terms of the sale agreement with Croesus Gold Corp., which was announced in the Company’s news
release on January 30, 2019. 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