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Press Releases

Aug 27, 2019

Sandspring Resources Closes Private Placement

August 27, 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 37,500,000 units (each, a "Unit"), at a price of C$0.20 per Unit, for gross proceeds of C$7,500,000. Each "Unit" issued in the placement consists of one common share and one share purchase warrant (each, a "Warrant") entitling the holder to purchase one additional share at a price of C$0.35 for a period of sixty (60) months, expiring August 27, 2024. The placement was fully subscribed and included an investment from Gran Colombia Gold Corp. ("Gran Colombia") in the amount of C$1,000,000 (detailed below).