Silver Spruce Announces Approval for Trading on OTCQB(R) Marketplace

Rhea-AI Summary

Silver Spruce Resources Inc. has achieved uplisting approval to the OTCQB Marketplace, effective April 16, 2021. The ticker symbol SSEBF remains unchanged, requiring no action from current shareholders. CEO Mike Kinley stated this transition enhances transparency and liquidity, attracting a wider range of institutional investors, particularly U.S.-based ones. The OTCQB listing follows stringent standards for trading transparency and financial reporting. Silver Spruce continues trading as SSE on the TSX Venture Exchange and is involved in multiple mineral exploration projects in Canada and Mexico.

Positive

• Uplisting to OTCQB enhances liquidity and transparency for investors.
• Increased access to a broader range of institutional investors.
• No action required from current shareholders, simplifying the transition.

Negative

• None.

BEDFORD, NS / ACCESSWIRE / April 16, 2021 / Silver Spruce Resources Inc. (TSX-V:SSE)(OTCQB:SSEBF) (the "Company" or "Silver Spruce") is pleased to report it has been approved to uplist its common stock on the OTCQB® Marketplace and commence trading effective today, April 16, 2021. The Company's "SSEBF" trading symbol in the United States will remain unchanged. There is no action required by current shareholders as a result of this change.

"Uplisting to the OTCQB demonstrates our commitment to providing existing and prospective shareholders with a greater degree of transparency and liquidity," stated CEO Mike Kinley. "It also exposes the Company to a broader range of institutional investors. Our OTCQB listing will now make it easier for U.S.-based investors to hold Silver Spruce shares in their Canadian brokerage accounts."

The Venture Market, operated by the OTC Markets Group Inc., offers transparent trading in entrepreneurial and development stage companies that have met a minimum bid price test, are current in their financial reporting and have undergone an annual verification and management certification process. These standards provide a strong baseline of transparency, as well as the technology and regulation to improve the information and trading experience for investors. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for SSEBF at https://www.otcmarkets.com/stock/SSEBF/quote.

The Company's common shares will also continue to trade under the symbol "SSE" on the TSX Venture Exchange.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed Definitive Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El Mezquite Au project, a drill-ready precious metal project, and 50% interest in Colibri's early stage Jackie Au project, with both properties located only 12 and 6 kilometres west from Minera Alamos's Nicho deposit, respectively. The Company also is pursuing exploration of the drill-ready and fully permitted Pino de Plata Ag project, located 15 kilometres west of Coeur Mining's Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce Resources Inc. continues to investigate opportunities that Management has identified or that have been presented to the Company for consideration.

Contact:

Silver Spruce Resources Inc.
Michael Kinley, CEO
(902) 826-1579
info@silverspruceresources.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, including but not limited to, statements regarding the private placement.

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 source version on accesswire.com:
https://www.accesswire.com/640728/Silver-Spruce-Announces-Approval-for-Trading-on-OTCQBR-Marketplace

FAQ

What does the uplisting to the OTCQB mean for Silver Spruce Resources (SSEBF)?

The uplisting to the OTCQB allows Silver Spruce Resources to enhance transparency, increase liquidity, and attract more institutional investors.

When did Silver Spruce Resources uplist to the OTCQB?

Silver Spruce Resources uplisted to the OTCQB on April 16, 2021.

Will shareholders need to take any action after the uplisting of SSEBF?

No action is required from current shareholders due to the uplisting to the OTCQB.

What are the benefits of trading on the OTCQB for SSEBF?

Trading on the OTCQB provides a stronger baseline of transparency and access to real-time financial information for U.S. investors.