Silver Spruce Resources Inc. Announces Closing of Non–Brokered Private Placement
Silver Spruce Resources Inc. Announces Closing of
Non–Brokered Private Placement
Bridgewater NS, Canada- October 31, 2017- Silver Spruce Resources Inc. (TSXV: SSE) (FRANKFURT:
S6Q) announces that it has closed its current non-brokered private placement and raised gross proceeds of
$132,500.00 (the offering). The offering will consis t of the issuance of 2,650,000 shares and 2,650,000
warrants.
Units at $0.05 were offered which consisted of one common share in the capital of Silver Spruce and one
purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share of
Silver Spruce for 7.5 cents ($0.075) at any time prior to the date which is twenty- four months (2 years)
from a particular closing date at which time the warrants will expire. All units acquired pursuant to the
private placement, and shares which may be acquired upon the exercise of the warrants, are subject to a
four month hold period in accordance with applicable securities legislation.
The gross proceeds will be used to meet operating obligations.
There were finder’s fees paid of $2,500.00.
The Offering is subject to fulfillment of the requirements of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a well-positioned Canadian junior exploration company pursuing
acquisition and development of the past produci ng Kay Mine volcanogenic massive sulfide (“VMS”)
project in Arizona, USA, and the development of th e Pino De Plata and the Encino De Oro epithermal
silver/base metal/gold projects located in the prolif ic Sierra Madre Occidental region of western
Chihuahua State in Mexico.
Neither TSX Venture Exchange nor its Regulation Se rvices 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.
For further information:
Gordon Barnhill CFO/Director - Silver Spruce Resources Inc.
Tel: 902-527-5700 Fax: 902-527 5711 email: [email protected]