Silver Spruce Resources completes $460K private placement

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By Ted Liu

Bridgewater, NS (pcJ News Briefs) – Silver Spruce Resources Inc. (TSX-V: SSE; FSE: S6Q) has closed its previously announced non-brokered private placement of 5,743,750 units at $0.08 per unit for gross proceeds of $459,500.00.

Each unit consists of one common share and one purchase warrant exercisable for one additional common share at $0.12 for a period of two years.
Proceeds will be used to meet operating obligations.

Silver Spruce Resources Inc. is a junior exploration company pursuing development of the Pino de Plata and the Encino De Oro epithermal silver/ base metal/ gold projects located in the prolific Sierra Madre Occidental region of Western Chihuahua State in Mexico. Silver Spruce also retains a portfolio of uranium and rare earth element properties in Labrador.