Silver Spruce Resources Inc. Announces Private Placement


BRIDGEWATER, NOVA SCOTIA–(Marketwired – April 9, 2015) – (TSX VENTURE:SSE) – Private Placement – The “Company” announces a, non brokered private placement to sell up to 8,000,000 units (the “Units”) in the capital of the Company at a price of 2.5 cents per Unit for total proceeds of up to CDN $200,000. Each unit will consist of one (1) common share in the capital of Silver Spruce and one half a share purchase warrant. Each unit shall consist of one (1) common share in the capital of Silver Spruce and one- half share purchase warrant. Each warrant will entitle the holder to purchase one half an additional common share of Silver Spruce (a “Warrant Share”) for five cents ($0.05) at any time prior to the date which is twenty four months (2 years) from a particular Closing Date, at which time the Warrants will expire. All units acquired pursuant to the private placement, and shares which may be acquired upon the exercise of the warrants, are subject to a four (4) month hold period in accordance with applicable securities legislation.

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