LiDAR enhanced digital elevation map with drill targets looking south across Pino de Plata property. Source: Silver Spruce Resources Inc.
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  • Silver Spruce Resources Inc. (SSE) has closed the first tranche of its $300,000 private placement
  • 4,690,000 units were issued at $0.025 per unit for gross proceeds of up to $117,250
  • Each unit was one common share and a warrant to purchase an additional common share at $0.05
  • By August 18, 2022, the company expects to complete the second and final closing of this financing
  • Silver Spruce (SSE) is unchanged on the day, trading at $0.03 per share as of 2:55 p.m. ET

Silver Spruce Resources (SSE) has closed the first tranche of its $300,000 private placement.

Under the first tranche, the company issued 4,690,000 units at $0.025 per unit for gross proceeds of up to $117,250.

Each unit consists of one common share and a warrant to purchase an additional common share at an exercise price of $0.05.

By August 18, 2022, the company expects to complete the second and final tranche of the offering.

Silver Spruce Resources Inc. (SSE) is a Canada-based company focused on exploration for precious and base minerals. The flagship project Pino de Plata located in Chihuahua state Mexico is a high-grade silver project with noteworthy gold, lead, and zinc credits. Its other projects include El Mezquite, Melchett Lake and Pope’s Hill.

Silver Spruce Resources Inc. (SSE) is unchanged on the day, trading at $0.03 per share as of 2:55 p.m. ET


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