on Silver Spruce Resources Inc. (CVE:SSE)
Silver Spruce Resources Extends Non-Brokered Private Placement
Silver Spruce Resources Inc. has announced an extension for completing the second tranche of its non-brokered private placement. The offering consists of units priced at CAD$0.20 each, including a common share and a share purchase warrant. Each warrant allows the purchase of an additional share at $0.30 over four years. The company aims to close this final tranche by May 18, 2026.
The first tranche, closed on April 1, 2026, raised $739,250 through the issuance of 3,696,250 units. A cash commission of $39,560 was paid, alongside 197,800 finder's warrants. Insiders subscribed for 233,750 units, constituting a related party transaction. The funds will support mineral exploration and working capital.
The offering awaits necessary regulatory approvals, including the TSXV's final nod. Securities issued will have a statutory hold period.
R. H.
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