Silver Dollar Considers Spinout of Red Lake Gold Projects

Silver Dollar_07102020

Vancouver, British Columbia–(Newsfile Corp. – October 07, 2020) –  Silver Dollar Resources Inc. (CSE: SLV) (OTCQB: SLVDF) (“Silver Dollar” or the “Company”) reports that the Board of Directors is evaluating the merits of a transaction to transfer its Canadian exploration projects to a new subsidiary (“SpinCo”) that would be spun out to Silver Dollar shareholders. The intent of the transaction would be twofold: (1) position Silver Dollar to focus on the exploration and development of the advanced stage La Joya Silver Project in Durango, Mexico and to pursue similar assets for potential acquisition; and (2) position SpinCo to operate as an independent company that would seek a separate public listing and focus on building a pure-play gold exploration company around its discovery-stage Red Lake projects.

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