Silver Spruce Increases and Closes Private Placement of $1,819,500 with a Lead Order from Palisades Goldcorp Ltd.

Silver Spruce_20082020

August 19, 2020- Bedford, NS – (TSXV:SSE) — Silver Spruce Resources Inc. announced today that it has increased and closed its private placement announced August 7, 2020. The private placement consisted of the issuance of 36,390,000 units at a price of $0.05 per unit for proceeds of $1,819,500 with a lead order from Palisades Goldcorp Ltd. Each unit consisted of one common share and a warrant to purchase an additional common share at an exercise price of $0.10 per share on or before August 18, 2023.

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