Silver Spruce Resources Inc. Announces Closing of $976,000 Non-Brokered Private Placement

Core Viewpoint - Silver Spruce Resources Inc. has successfully closed a non-brokered private placement, raising gross proceeds of $976,000 for its mineral exploration projects and general working capital [1][4]. Group 1: Offering Details - The Corporation issued a total of 976,000 units at an issue price of $0.10 per unit, with each unit consisting of one common share and one common share purchase warrant [2]. - Each warrant allows the holder to purchase one common share at an exercise price of $0.15 for a period of three years from the closing date of the offering [2]. - The common shares and warrants are subject to a statutory hold period expiring on May 17, 2026 [2]. Group 2: Finder Fees and Warrants - In connection with the offering, the Corporation paid $22,440 in finder fees and issued 224,400 finder warrants to eligible finders [3]. - Each finder warrant entitles the finder to purchase one common share at $0.15 for three years following the offering's closing [3]. - The finder warrants are also subject to a statutory hold period expiring on May 17, 2026 [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be allocated for exploration of the Corporation's mineral projects and for general working capital purposes [4]. Group 4: Company Overview - Silver Spruce Resources Inc. is a Canadian junior exploration company with a diversified exploration portfolio, including several mineral projects [6]. - The company continues to explore opportunities identified by management or presented for consideration [6]. Group 5: Mineral Projects - The Corporation's projects include the Jackie Au-Ag Project, an early-stage epithermal project in Mexico; the Pino de Plata Ag Project, a high-grade silver property also in Mexico; and the Melchett Lake VMS Zn-Ag-Au-Cu Project in Ontario [9].