Silver Spruce to Settle Outstanding Indebtedness
Silver Spruce to Settle Outstanding Indebtedness
March 17, 2020 - Bedford, NS - (TSXV:SSE) – Silver Spruce Resources Inc. announced today that that
it has entered into debt settlement agreement s with several creditors and one officer and director to settle
outstanding indebtedness of $ 350,000. Under the terms of the debt settlement agreements 7,000,000
common shares will be issued at a deemed value of $0.05 per share.
The debt settlement is subject to the approval of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a well -positioned, Canadian junior exploration company pursuing the
exploration and development of the Melchett Lake VMS project in Ontario, Canada, and the Pino de
Plata epithermal silver/base metal/gold project located in the prolific Sierra Madre Occidental region of
western Chihuahua 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 Ven ture 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.
Brian Penney, CFO and Director
(866) 641-3397
www.silverspruceresources.com
Media Release