Silver Spruce Resources Inc. Announces Extension of The Current Private Placement Priced at $0.025 to December 24, 2018

SilverSpruce_26112018

BRIDGEWATER, NS / ACCESSWIRE / November 26, 2018 / (TSXV: SSE)(Frankfort: S6Q) — Silver Spruce Resources Inc. (the “Company”) announces that further to its news release dated November 7, 2018, the TSX Venture Exchange (“TSX-V”) has granted an extension to the deadline to complete the previously announced non-brokered private placement (“Private Placement”) of up to 60,000,000 units (“Units”) at a price of $0.025 per Unit to on or before December 24, 2018. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.05 for a period of 36 months. In connection with the Private Placement, the TSX-V requires the Company to obtain written confirmation from shareholders of the Company holding not less than 50% of the common shares (determined as of completion of the Private Placement) that such shareholders will vote in favour of the proposed consolidation of the Company’s common shares on a one (new) for five (old) share basis at the meeting of shareholders to be held in early 2019.

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