Silver Spruce Resources Inc. announces that despite efforts, M Securities Limited, a full service retail brokerage firm in Hong Kong, has been unable to complete the private placement that the Company previously announced on December 11, 2017. As a result, the Company has chosen to cancel the offering and terminate the letter agreement with the Agent. The net proceeds of the financing were to be used to pay for the drill [...]
Silver Spruce Resources Inc. announces that further to its news release dated December 11, 2017, the TSX Venture Exchange has granted an extension to the deadline to complete the previously announced private placement of up to 30,000,000 units at a price of US$0.06 per unit for gross cash proceeds of up to US$1,800,000 to March 9, 2018. The net proceeds of the financing will be used to pay for the drill program at Pino de [...]
Silver Spruce Resources Inc. is pleased to announce that it has received a financing mandate letter from M Securities Limited , a full service, retail brokerage firm in Hong Kong, to provide up to US $1.8 million in gross proceeds from a private placement equity financing of up to 30 million units at a price of US $0.06 per Unit. Each Unit consists of one common share of the Company and one Common Share purchase warrant [...]
Silver Spruce Resources Inc. is pleased to announce that it has received its first assays of mineralized rock samples taken from the development/production dumps at the Kay Mine in Arizona. These first twenty-five samples were taken for data verification purposes to confirm the tenor of mineralization reported by Exxon Minerals and previous developers of the mine. Eighteen of the samples consisted of volcanogenic massive [...]
Silver Spruce Resources has restarted the permitting process for initiating the drill program at its Pino de Plata silver project. The 397-hectare project is located approximately 15 kilometres west from Coeur Mining's Palmarejo open pit and underground silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua State, Mexico. InvestmentPitch Media has produced a "video news alert" which [...]
Silver Spruce Resources Inc. is pleased to announce that it has restarted the permitting process for initiating the drill program at its Pino de Plata silver project. The 397-hectare project is located in the Sierra Madre Occidental of Western Chihuahua State, Mexico, approximately 15 kilometres west from Coeur Mining's Palmarejo silver project and approximately 12 kilometres due south of the town of Chinipas, Chihuahua [...]
Silver Spruce Resources Inc. is pleased to provide an update on field activities at the Kay Mine volcanogenic massive sulphide project in Yavapai County, central Arizona, USA. During site visits in September and October 2017, two Company representatives, including its internal Qualified Person , have identified and sampled sulphide mineralization from the underground development/production dumps, documented global [...]
Silver Spruce Resources Inc. announces that it has closed its current non-brokered private placement and raised gross proceeds of $132,500.00 . The offering will consist 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 [...]
BRIDGEWATER, NOVA SCOTIA--(Marketwired - Jul 19, 2017) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce it has closed the Purchase Agreement with Cedar Forest LLC (the "Vendor") for 100%, free of any royalty, of the Kay Mine parcel of 70.84 acres of patented claims near Black Canyon City, Arizona, USA. Terms of Purchase The original asking price for [...]
BRIDGEWATER, NOVA SCOTIA--(Marketwired - Jul 13, 2017) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) announces that it has closed its current non-brokered private placement and raised gross proceeds of $166,495.00 (the offering). The offering will consist of the issuance of 2,378,500 shares and 2,378,500 warrants Units at $0.07 cents were offered which consisted of one common share in the capital of [...]
BRIDGEWATER, NOVA SCOTIA--(Marketwired - Jun 22, 2017) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) ("Silver Spruce" or the "Company") is pleased to announce it has secured a loan for the remaining cash component of the Purchase Agreement with Cedar Forest LLC (the "Vendor") for the Kay Mine parcel of 70.84 acres of patented claims near Black Canyon City, Arizona, USA. The twelve-month, U$450,000 Loan [...]
BRIDGEWATER, NOVA SCOTIA--(Marketwired - May 25, 2017) - Silver Spruce Resources Inc. ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce it has reached a final purchase agreement with Cedar Forest, Inc. (the "Vendor") to acquire 100% ownership of 70.84 acres of patented claims covering the past-producing Kay Mine, located in Yavapai County, Arizona, roughly 50 miles north of [...]