BRIDGEWATER, NS, Sept. 28, 2011 /CNW/ - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce that it has contracted Pilot Communications
Inc. ("Pilot"), a privately held firm headquartered in St. John's, NL
to provide investor relations and media relations services for an
initial period of one year beginning October 1, 2011. Under the terms
of the contract, Pilot will receive a monthly retainer of $6,850 in
fees plus reimbursement for related expenses. No securities have been
issued to Pilot or any of its employees as part of this arrangement,
nor does Pilot or any of its employees hold any rights to purchase,
directly or indirectly, such securities. The contract is subject to a
six month review and may be terminated by either party with thirty days
"Pilot is a full service marketing and communications firm, operating in
Newfoundland and Labrador for over 20 years, who have a good
understanding of our industry and our requirements. We will work
closely with Pilot to ensure our shareholders and the public are kept
informed about all developments on our rare earth element (REE),
gold/silver and uranium properties in Labrador and on the island of
Newfoundland", stated Peter Dimmell, Silver Spruce's President and CEO.
This arrangement is subject to the approval of the TSX Venture Exchange.
About Silver Spruce Resources Inc. Silver Spruce is a diversified junior exploration company with a
portfolio of rare earth (Pope's Hill, Pope's Hill JV [with Great West
Minerals Group], MRT, RWM and the Straits), gold/silver (Big Easy), and
for the longer term, uranium (CMBJV, Snegamook, Double Mer, Mount
Benedict), projects in Newfoundland and Labrador. With interests in
more than 4,000 claims totalling more than 1,000 square kilometres in
Labrador, Silver Spruce is one of the largest landholders in one of the
world's premier emerging rare earth and uranium districts. For more
information please go to www.silverspruceresources.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Forward-looking statements in this release are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform act
of 1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties.
SOURCE Silver Spruce Resources Inc.
For further information:
| For further information contact: || For investor & media relations contact: |
| Gordon Barnhill, CFO & Director |
Silver Spruce Resources Inc.
| Paul Snow |
Pilot Communications Inc.
Phone: 709.753.0794 ext 31