Silver Spruce Announces Terms of Finder’s Fee
Bedford, NS- October 18, 2021 – (TSXV:SSE) – Silver Spruce Resources Inc. (the “Company”) announced today that a finder’s fee of 7% in cash and shares ($43,050 and 700,000 shares respectively), will be paid to Golden Salmon Capital Corp., an arm’s length party, in accordance with the scheduled payments provided for in the Agreement relating to the acquisition by the Company of the Mystery, Till and Marilyn mineral properties Option and Purchase Agreement dated September 7, 2021 (the “Agreement”).
The finder’s fee will be paid subject to the continuation of the Agreement, and remains subject to the approval of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and up to 50% interest in each of Colibri’s early stage Jackie Au and Diamante Au-Ag projects, with the three properties located from 5 kilometres to 15 kilometres northwest from Minera Alamos’s Nicho deposit, respectively. The Company is acquiring 100% interest in the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining’s Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce recently signed a Definitive Agreement to acquire 100% interest in three exploration properties in the Exploits Subzone Gold Belt, located 15-40 kilometres from recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp., central Newfoundland. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.
Silver Spruce Resources Inc.
Michael Kinley, CEO and Director