Silver Spruce Signs Definitive Agreement to Transfer Kay Mine
Silver Spruce Signs Definitive Agreement to Transfer Kay Mine
November 16, 2018 - Bridgewater, NS - (TSXV:SSE) – Silver Spruce Resources Inc. ("Silver Spruce" or
the "Company") announces that, after an extended forty -five day due diligence period, it has signed the
Definitive Agreement to transfer the Kay Mine project to Croesus Gold Corp., a private company that
intends to go public on a Canadian stock exchange. Both companies have agreed to close the transaction
within forty-five days.
“This transaction is integral with Management’s plan to consolidate the Company’s shares and reduce its
debt. Together, with its current financing, the Company will focus on advancing the fully -permitted drill
program at Pino de Plata project in Mexico,” stated Karl Boltz, CEO of Silver Spruce.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company pursuing exploration and
development of the Pino De Plata epithermal silver/base metal/gold project located in the prolific Sierra
Madre Occidental region of western Chihuahua State in Mexico.
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
Toll Free: (866) 641-3397
www.silverspruceresources.com