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Off-market insider buying at Silver Spruce Resources (V:SSE)

Updated Tuesday Mar 05, 2019 01:56 AM EDT

Brian Kenneth Penney, a Director, acquired 2,800,000 Common Shares on a direct ownership basis and 2,440,000 Common Shares on an indirect ownership basis for registered holder Small Fortunes Inc. at a price of $0.025 through a prospectus or prospectus exempt offering on February 27th, 2019. The insider also acquired 2,800,000 Warrants on a direct ownership basis and 2,440,000 Warrants on an indirect ownership basis for registered holder Small Fortunes Inc. with an exercise price of $0.050 for 3 years. This represents a $131,000 investment into the company's shares and an account share holdings change of greater than 100%.

Silver Spruce Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Silver Spruce Resources Inc. is a Canada-based junior exploration company. The Company is pursuing development of the Pino de Plata epithermal silver/base metal/gold project located in the Sierra Madre Occidental region of Western Chihuahua State in Mexico. The property lies approximately six kilometers south of the town of Chinipas de Almada. The property consists of approximately 400 hectares concession containing a range of historic artisanal mine workings. The Pino de Plata project includes the Terrero Mine area, the Santa Elena-Gossan area and the Sierpe/Theodora veins. It also holds a portfolio of uranium and rare earth element (REE) properties in Labrador. It has interest in over 333 claims in Labrador. These are located in two areas: Snegamook, located in Central Labrador due south of the Two Time Zone, and Mount Benedict located in the Benedict Mountains area. The Company holds two REE properties in Labrador: the Pope's Hill (PH) and Straits.

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Go to Silver Spruce Resources Inc. (SSE)'s company page

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Silver Spruce Resources Inc.

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