Is the Silver Spruce (SSEBF) debt settlement with a related party?

Yes. Silver Spruce stated the agreements are with a company owned by a former officer and director. According to the company, this related-party creditor will receive 210,526 common shares valued at $20,000 to settle $66,125 in outstanding indebtedness, subject to exchange approval.

Silver Spruce to Settle Outstanding Indebtedness

Q: What did Silver Spruce Resources (SSEBF) announce on August 14, 2026?

Silver Spruce Resources announced agreements to settle outstanding indebtedness of $66,125 using share-based consideration valued at $20,000 . According to the company, the settlement involves issuing 210,526 common shares , subject to TSX Venture Exchange approval, to a company owned by a former officer and director.

Q: How many shares will Silver Spruce (TSXV:SSE) issue in the 2026 debt settlement?

Silver Spruce plans to issue 210,526 common shares under the debt settlement agreements. According to the company, these shares are priced at a deemed value of $0.095 per share , representing total share consideration of about $20,000 , subject to TSX Venture Exchange approval.

Q: At what price is Silver Spruce valuing the shares in its August 2026 debt settlement?

Silver Spruce is using a deemed price of $0.095 per share for the settlement. According to the company, issuing 210,526 common shares at this price provides total consideration of $20,000 to address outstanding indebtedness of $66,125 , pending TSX Venture Exchange approval.

Q: Does the Silver Spruce August 2026 debt settlement require TSX Venture Exchange approval?

The proposed debt settlement is explicitly subject to TSX Venture Exchange approval. According to Silver Spruce, issuing the 210,526 common shares and completing the settlement of the $66,125 indebtedness for $20,000 in share consideration cannot proceed without this regulatory clearance.

Q: What exploration projects are currently in Silver Spruce Resources' portfolio?

Silver Spruce highlights a diversified exploration portfolio including the Pino de Plata high-grade silver project in Chihuahua, Mexico. According to the company, it also holds the Jackie Au-Ag early-stage epithermal project and the Melchett Lake VMS Zn-Ag-Au-Cu polymetallic project in Ontario’s Thunder Bay district.

Rhea-AI Impact

(Very High)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

Silver Spruce Resources (TSXV:SSE, OTC:SSEBF) announced debt settlement agreements with a company owned by a former officer and director to resolve outstanding indebtedness of $66,125. The company plans to issue 210,526 common shares at a deemed price of $0.095 per share, for a total settlement amount of $20,000. The debt settlement remains subject to approval by the TSX Venture Exchange. Silver Spruce also highlighted its diversified exploration portfolio, including the Pino de Plata silver project in Mexico, the Jackie Au-Ag project, and the Melchett Lake VMS polymetallic project in Ontario.

Positive

Debt of $66,125 proposed to be settled via $20,000 share-based consideration
Planned issuance of 210,526 shares at a deemed price of $0.095 per share clarifies settlement terms

Negative

Debt settlement will result in dilution through issuance of 210,526 new common shares
Completion of the debt settlement is conditional on TSX Venture Exchange approval

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/14/2026 - 04:35 PM

BEDFORD, NS / ACCESS Newswire / August 14, 2026 / (TSXV:SSE) - Silver Spruce Resources, Inc. (the "Company") announced today that it has entered into debt settlement agreements with a company owned by a former officer and director of the Company to settle outstanding indebtedness of $66,125 for an amount of $20,000. Under the terms of the debt settlement agreement, 210,526 common shares will be issued at a deemed value of $0.095 per share.

The debt settlement is subject to the approval of the TSX Venture Exchange.

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

What did Silver Spruce Resources (SSEBF) announce on August 14, 2026?

Silver Spruce Resources announced agreements to settle outstanding indebtedness of $66,125 using share-based consideration valued at $20,000. According to the company, the settlement involves issuing 210,526 common shares, subject to TSX Venture Exchange approval, to a company owned by a former officer and director.

How many shares will Silver Spruce (TSXV:SSE) issue in the 2026 debt settlement?

Silver Spruce plans to issue 210,526 common shares under the debt settlement agreements. According to the company, these shares are priced at a deemed value of $0.095 per share, representing total share consideration of about $20,000, subject to TSX Venture Exchange approval.

At what price is Silver Spruce valuing the shares in its August 2026 debt settlement?

Silver Spruce is using a deemed price of $0.095 per share for the settlement. According to the company, issuing 210,526 common shares at this price provides total consideration of $20,000 to address outstanding indebtedness of $66,125, pending TSX Venture Exchange approval.

Does the Silver Spruce August 2026 debt settlement require TSX Venture Exchange approval?

The proposed debt settlement is explicitly subject to TSX Venture Exchange approval. According to Silver Spruce, issuing the 210,526 common shares and completing the settlement of the $66,125 indebtedness for $20,000 in share consideration cannot proceed without this regulatory clearance.

What exploration projects are currently in Silver Spruce Resources' portfolio?

Silver Spruce highlights a diversified exploration portfolio including the Pino de Plata high-grade silver project in Chihuahua, Mexico. According to the company, it also holds the Jackie Au-Ag early-stage epithermal project and the Melchett Lake VMS Zn-Ag-Au-Cu polymetallic project in Ontario’s Thunder Bay district.