- On October 23, 2023,
Silver Spruce Resources Inc. announced that on October 13, 2023 it had entered into an amendment to the Option Agreement dated September 7, 2021 on its Newfoundland properties, as further amended on December 1, 2023 . Under the terms of the Amended Option Agreement, upon mutual agreement of the Company and the third party vendors , the Company can satisfy part of the cash component of the consideration payable to the Vendors on the 2nd anniversary of the Option Agreement by the issuance of common shares of the Company at a deemed price of $0.01 per share to the Vendors. As a result, the second anniversary option payment will now consist of $50,000 cash and the issuance of 3,750,000 common shares of the Company to the Vendors of which 2,500,000 common sh...