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Silver Sands Resources (OTCQB: SSRSF) announced a private placement and debt settlement dated January 29, 2026. The company plans up to 6,500,000 Units at $0.075 for gross proceeds up to $487,500, each Unit including one share and one-half warrant.
The company will also issue 2,365,000 Units to settle CAD$177,375 of indebtedness. Each whole warrant is exercisable at $0.15 for 24 months. Closing is scheduled on or before February 10, 2026, subject to Canadian Securities Exchange approval; issued securities will carry a four-month-and-one-day hold.
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