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| Home : Silver Spruce Resources Inc. Announces an Increase in the Number of Units Available in Its Non Brokered Private Placement of July 13, 2016 |
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Aug 06
2016 |
Silver Spruce Resources Inc. Announces an Increase in the Number of Units Available in Its Non Brokered Private Placement of July 13, 2016 |
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BRIDGEWATER, NOVA SCOTIA--(Marketwired - Aug. 5, 2016) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q), due to an oversubscription, announces an increase in the number of units available in its non brokered private placement announced on July 13, 2016 of an additional 770,000 units. The total number of units to be available will now be 8,462,308 (the "Units") in the capital of the Company at a price of $0.065 cents per Unit for total proceeds of up to CDN $550,050. The placement has an expected closing date of August 12, 2016. Each unit will consist of one (1) common share in the capital of Silver Spruce and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Silver Spruce (a "Warrant Share") for ten cents ($0.10) 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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| Source:http://www.marketwired.com/mw/release.do?id=2148450&sourceType=3 |
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