Sandspring Resources Ltd.
TSX VENTURE : SSP.P

Sandspring Resources Ltd.

April 02, 2009 15:12 ET

Sandspring Resources Ltd. Announces Completion of the First Tranche of Its Private Placement

CALGARY, ALBERTA--(Marketwire - April 2, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Sandspring Resources Ltd. (the "Corporation") (TSX VENTURE:SSP.P) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the "Private Placement") of 200,000 Common Shares at an offering price of CAD$0.50 per Common Share for gross aggregate proceeds of $100,000.00. The proceeds will be used by the Corporation to finance the proposed acquisition of GoldHeart Investment Holdings Ltd. as the Corporation's qualifying transaction as previously announced in the Corporation's press release dated June 27, 2008. The Common Shares are restricted from resale until August 2, 2009.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sandspring Resources Ltd.
    Mr. Mark Maier, President, Chief Executive Officer,
    Chief Financial Officer and Director
    (403) 228-8154
    or
    Sandspring Resources Ltd.
    115 - 17th Ave. S.W.
    Calgary, Alberta, T2S 0A1