Silver Sands Resources Corp. announced a private placement to issue 5,000,000 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 300,000 on February 2, 2024, Each unit consists of one share and one half of one transferable share purchase warrant. Each whole warrant is exercisable at CAD 0.10 per common share for a period of two years from closing.

8% Finders fees in cash and warrants may be payable on a portion of the Private Placement. The transaction is expected to close on February 7, 2024.