Silver Spruce Resources Inc., further to its news release dated Nov. 29, 2019, announcing the termination of the Cocula project, is seeking the approval of the TSX Venture Exchange to an amendment dated Sept. 10, 2019, to the letter of agreement dated July 13, 2019, with ProDeMin SA de CV. Under the terms of the amendment, the company is required to issue 1.7 million common shares at a deemed price of five cents per share, in which 1.5 million common shares are to be issued to ProDeMin and 200,000 common shares are to be issued to the landowners of the Cocula project.
About Silver Spruce Resources Inc.
Silver Spruce is a well-positioned, Canadian junior exploration company pursuing the exploration and development of the Melchett Lake VMS project in Ontario, Canada, and the Pino de Plata epithermal silver/base metal/gold project located in the prolific Sierra Madre Occidental region of western Chihuahua state, Mexico.