Silver Sands arranges $487,500 private placement

Executive Summary

• Silver Sands Resources Corp. is proceeding with a private placement financing of up to 6.5 million units at 7.5 cents per unit, generating gross proceeds of up to $487,500.
• The company has entered into debt settlement agreements to issue 2,365,000 units to settle $177,375 in indebtedness owed to two directors, the corporate secretary, and one consultant.
• The combined transactions involve the issuance of 8,865,000 common shares and 4,432,500 warrants, subject to a four-month-and-one-day hold period, with a scheduled closing on or before February 10, 2026.

Key Details

• Private Placement Structure: Up to 6.5 million units offered at 7.5 cents per unit.
• Gross Proceeds: Up to $487,500.
• Unit Composition: Each unit consists of one common share and one-half of one transferable share purchase warrant.
• Warrant Terms: Each whole warrant is exercisable at 15 cents per common share for a period of 24 months from closing.
• Finder’s Fees: 7% in cash and warrants may be payable on a portion of the private placement.
• Debt Settlement Details:
  • Aggregate of 2,365,000 units issued at a deemed price of 7.5 cents per unit.
  • Total indebtedness settled: $177,375.
  • Creditors include two directors, the corporate secretary, and one arm's-length consultant.
  • Purpose: To preserve cash for operations.
• Total Securities Issued:
  • 8,865,000 common shares (6.5M from placement + 2.365M from debt settlement).
  • 4,432,500 warrants (3.25M from placement + 1.1825M from debt settlement).
• Hold Period: An aggregate of 8,865,000 common shares and 4,432,500 warrants are subject to a four-month-and-one-day hold period.
• Regulatory Approval: Transactions are subject to approval by the Canadian Securities Exchange.
• Closing Date: Scheduled on or before February 10, 2026.