Silver Spruce Resources announces debt settlement agreement

Silver Spruce Resources, Inc. has entered into debt settlement agreements to resolve an outstanding indebtedness of $66,125. The settlement, which involves a company owned by a former officer and director of the Canadian junior exploration company, will be completed for an amount of $20,000.

Under the terms of the agreement, the company will issue 210,526 common shares at a deemed value of $0.095 per share. The settlement remains subject to approval by the TSX Venture Exchange.