Silver Spruce Announces First Closing Private Placement for $117,250

Bedford, NS- July 27, 2022 – (TSXV:SSE) – Silver Spruce Resources Inc. (the “Company”) announced today a first closing of its private placement of up to $300,000. The first closing of the private placement consisted of the issuance of 4,690,000 units at a price of $0.025 per unit for gross proceeds of up to $117,250. Each unit consisted of one common share and a warrant to purchase an additional common share at an exercise price of $0.05 per share on or before July 26, 2025.

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