- Silver Spruce Resources Inc. announced today the amendment to the Option Agreement dated September 7, 2021 on its Newfoundland properties. Under the terms of the Amended Option Agreement dated October 13, 2023, the cash component of the option payments to the Vendors can made in cash or alternatively in all or in part by the issuance of common shares of the Company to the Vendors upon mutual agreement of the Vendors [...]
Silver Spruce Resources Inc. announced today the first closing of its private placement consisting of the issuance of 6,000,000 units at a price of $0.025 per unit for proceeds of $150,000 with each unit consisting of one flow-through common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share on or before June 26, 2025. The securities issued pursuant to the private placement [...]
- Silver Spruce Resources Inc. announced today a private placement comprising flow-through units of up to $1,000,000. The private placement consists of the issuance of up to 40,000,000 units at a price of $0.025 per unit for gross proceeds of up to $1,000,000. Each unit consisted of one flow-through common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period of [...]
- Silver Spruce Resources Inc. announced today that Camilla Cormier has resigned as Chief Financial Officer of the Company. Michael Kinley, CPA, CA, CEO has been appointed as Interim Chief Financial Officer. The Board would like to thank Ms. Cormier for her contributions to the Company. About Silver Spruce Resources Inc. Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive [...]
- Silver Spruce ResourcesInc. announced today that it has closed a private placement for proceeds of $1,135,507. The private placement consisted of the issuance of 75,700,499 units at a price of $0.015 per unit with each unit consisting of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share on or before March 28, 2028. The securities issued pursuant to the private [...]
Silver Spruce Resources Inc. announces today that due to an over-subscription to its previously announced private placement of up to $1,000,000 , the private placement has been increased to 80,000,000 units at a price of $0.015 per unit for gross proceeds of up to $1,200,000. Each unit will consist of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period [...]
Silver Spruce Resources Inc. further announced today a correction to its private placement news release of up to 66,666,667 units at a price of $0.015 per unit for gross proceeds of up to $1,000,000. The amount shown in the previous news release title was incorrect. Also, each unit will consist of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period of [...]
- Silver Spruce Resources Inc. announced today a private placement of up to 66,666,667 units at a price of $0.015 per unit for gross proceeds of up to $1,000,000. Each unit will consist of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share for a period of two years from the closing of the private placement. The proceeds from the private placement will be used for [...]
Silver Spruce Resources Inc. is pleased to report that the Company and its partner Silver Spruce Resources have earned a 50% ownership interest in the Diamante Gold & Silver Project located in Sonora, Mexico. Vendor Bimsa Minera SA de CV of Mexico , a privately owned Mexico based mineral exploration company, retains 50% ownership in the Property. "We are very excited to fulfill, in partnership with Colibri, the Phase 1 [...]
Silver Spruce Resources Inc. is pleased to announce the acquisition by staking of 6,040 hectares of claims contiguous to the Marilyn and Till properties of the Mystery Au project . The new properties cover a total of 242 claims in three property blocks. "We are very excited to acquire a significant package of additional claims tied to both the Marilyn and Till properties which effectively doubles our overall property [...]
Silver Spruce Resources Inc. is pleased to announce the completion of further gold grain in till sampling and soil geochemical sampling, locally managed by the property vendor's team, and recent receipt of the sample processing results on the Mystery Au project. "We are pleased to report that widely-spaced gold grain in till sampling frequency, size and shape distribution data have identified anomalous sites with >20 gold [...]
Silver Spruce Resources Inc. is pleased to announce technical services agreements with Eagle Mapping Ltd. of Port Coquitlam, British Columbia, and GeoCloud Analytics of Melbourne, Australia to carry out an airborne LiDAR survey and re-process the LASer point cloud data, respectively, over the Melchett Lake Zn-Cu-Au-Ag volcanogenic massive sulphide project . Melchett is an advanced precious and base metal property located [...]