Silver Spruce Resources Announces $2 Million Private Placement

On March 2, 2026, Silver Spruce Resources Inc. publicized a non-brokered private placement to gather up to $2,000,000. This will involve issuing up to 10,000,000 units at $0.20 each. Each unit includes a common share and a share purchase warrant, allowing the holder to acquire an additional share for $0.30 within four years.

Closure is expected by March 27, 2026, subject to conditions such as TSX Venture Exchange approvals. Funds raised will be directed towards exploring Silver Spruce's mineral projects and general capital needs. Certain insiders may participate, qualifying the transaction as a "related party transaction" under MI 61-101, but exemptions will apply.

Securities distributed in Canada will face a statutory hold of four months plus a day. The offer is not compliant with U.S. securities laws and cannot be sold there without relevant registration or exemption.