Wednesday, December 16, 2009

SILVER SPRUCE RESOURCES INC (TSXV: SSE)Private placement of up to $260,000 (non-flow-through)

SILVER SPRUCE RESOURCES INC (TSXV: SSE)Private placement of up to $260,000 (non-flow-through)

Bridgewater, Nova Scotia – December 16, 2009 - Silver Spruce Resources Inc. (TSXV: SSE)
Silver Spruce Resources Inc. (“Silver Spruce”) is pleased to announce it is arranging a nonbrokered private placement to raise gross proceeds of up to $260,000 (the “Offering”) on a nonflowthrough basis.

The Offering shall consist of the issuance of up to 4,000,000 non-flow-through units (“NFT
Units”) of Silver Spruce. Each NFT Unit shall be offered at a price of $0.065 per NFT Unit and
shall consist of one non-flow-through common share and one common share purchase warrant,
with each whole warrant exercisable at a price of $0.10 per non-flow-through common share for a
period of 24 months after the closing of the Offering. Closing is expected next week or before
December 31, 2009. No finder's or other fees shall be payable.
The gross proceeds raised from the issuance of the FT Units shall be used for general exploration
expenditures on Silver Spruce’s Mexico project and for general corporate purposes.
All securities issued in connection with the Offering shall be subject to a four-month hold period
in accordance with applicable securities requirements. The Offering is subject to fulfillment of the
requirements of the TSX Venture Exchange. This offering is in addition to the $700,000 flowthrough
offering announced on December 14, 2009.
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral
Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 6,000 claims totaling
more than 1,500 square kilometers in Labrador, Silver Spruce is the second largest landholder in
one of the world’s premier emerging uranium districts. The company also has gold/silver projects
in Mexico and the island of Newfoundland, and base metal projects in central and western
Newfoundland making Silver Spruce a leading explorer in Canada and Mexico.
For Further Information Contact:
Gordon Barnhill, CFO & Director Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 902.527.5700 Phone: 604.684.4743 ext. 243
Fax: 902.527.5711 Toll Free: 1.866.684.4743 ext. 243
E-mail: E-mail:
Web: Web:
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.
The Corporation seeks Safe Harbour.


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1 comment: said...

Nice article and Happy Christmas to all of you.

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