Partnering to Build Regional Infrastructure

Press Releases

Jun 12, 2019

Sandspring Resources Closes Private Placement

June 12, 2019 -- Denver, Colorado and Vancouver, British Columbia -- Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) ("Sandspring" or the "Company") is pleased to announce that it has completed a non-brokered private placement of 26,801,000 units (each, a "Unit"), and 5,200,000 subscription receipts (each, a "Receipt"), at a price C$0.125 per Unit and Receipt, for gross proceeds of C$4,000,125. Each "Unit" issued in the placement consists of one common share and one share purchase warrant entitling the holder to purchase one additional share at C$0.165 for a period of sixty (60) months. The placement was fully subscribed and included an investment from Gran Colombia Gold Corp. ("Gran Colombia") in the amount of C$2,000,000.