Silver Spruce Receives TSXV Conditional Approval of Debt Settlement
Silver Spruce plans to settle $20,000 of debt through new share issuance, pending final TSXV approval and subject to a four-month hold.
Rhea-AI Summary
Silver Spruce Resources (SSEBF) received conditional TSX Venture Exchange approval for a debt settlement of $20,000 as of September 22, 2026. The company plans to satisfy this debt by issuing 210,526 common shares at a deemed price of $0.095 per share, with closing subject to final TSXV approval. The shares issued in the debt settlement will be subject to a four‑month hold period from the date of issuance. Silver Spruce remains focused on its exploration portfolio, including the Pino de Plata, Jackie and Melchett Lake projects.
Positive
- $20,000 of debt to be eliminated via share settlement
- Debt settlement terms fixed at 210,526 shares at $0.095
Negative
- Issuance of 210,526 new shares creates equity dilution for existing holders
AI-generated analysis. How Rhea-AI works. Not financial advice.
BEDFORD, NS / ACCESS Newswire / September 22, 2026 / (TSXV:SSE) - Silver Spruce Resources, Inc. announced today that it has received the conditional approval of the TSX Venture Exchange ("TSXV") of its debt settlement of
The shares to be issued pursuant to the debt settlement have a hold period expiring four months from the date of issuance of the shares.
About Silver Spruce Resources
Silver Spruce Resources Inc. is a Canadian junior exploration company. The Company's diversified exploration portfolio includes:
- Pino de Plata Ag Project - High-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico
- Jackie Au-Ag Project - Early-stage epithermal project with high-grade surface sampling and strong structural targets located <10 kilometres northwest from Minera Alamos' Nicho deposit in eastern Sonora, Mexico
- Melchett Lake VMS Zn-Ag-Au-Cu Project - Polymetallic project with historical drilling in the Thunder Bay Mining District of Ontario
Contact:
Kevin O'Connor, CEO & Director
(312) 509-5972
koconnor@silverspruceresources.com
info@silverspruceresouces.com
www.silverspruceresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration and difficulties associated with obtaining financing on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.
SOURCE: Silver Spruce Resources, Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What approvals are still required for Silver Spruce’s debt settlement to close?
The debt settlement has conditional approval from the TSX Venture Exchange and will close only upon receipt of the final approval from the TSXV.