on Silver Spruce Resources Inc. (CVE:SSE)
Silver Spruce Resources Closes First Tranche of Private Placement
Silver Spruce Resources Inc. announced the closure of the first tranche of its non-brokered private placement, raising gross proceeds of CAD$739,250. This tranche involved the issuance of 3,696,250 units at a price of CAD$0.20 each. Every unit includes one common share and one share purchase warrant, exercisable at CAD$0.30 per share for four years.
The company plans to use these funds for exploration projects and general working capital. Additionally, Silver Spruce has extended the offering, expecting to finalize the last tranche by May 4, 2026. Regulatory approvals are pending, including from the TSX Venture Exchange.
Insiders subscribed for 233,750 units under MI 61-101 regulations, with exemptions applied as the acquisition value remains under 25% of the company's market capitalization.
R. H.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Silver Spruce Resources Inc. news