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Press Releases

Feb 12, 2016

Sandspring Resources Announces Share Purchases by Frank Giustra

Sandspring Resources Ltd. has been advised that Fiore Financial Corporation, a company owned and controlled by Mr. Frank Giustra, acquired 2,615,000 common shares from the exercise of share purchase warrants at an exercise price of $0.15 per common share, and Mr. Giustra has acquired 2,000,000 common shares of Sandspring in the public market at an average price of $0.176 per common share. The acquisitions represent 5.18% of the issued and outstanding common shares of the Company. As a result of the acquisition of securities described above, Mr. Giustra directly and indirectly owns or controls in aggregate 10,951,500 common shares of Sandspring, representing 12.85% of the current issued and outstanding common shares of the Company.