SILVER SANDS RESOURCES CORP. FORM 5
QUARTERLY LISTING STATEMENT
Name of Listed Issuer: Silver Sands Resources Corp.(the "Issuer").
Trading Symbol: SAND
This Quarterly Listing Statement must be posted on or before the day on which the Issuer's unaudited interim financial statements are to be filed under the Securities Act, or, if no interim statements are required to be filed for the quarter, within 60 days of the end of the Issuer's first, second and third fiscal quarters. This statement is not intended to replace the Issuer's obligation to separately report material information forthwith upon the information becoming known to management or to post the forms required by the Exchange Policies. If material information became known and was reported during the preceding quarter to which this statement relates, management is encouraged to also make reference in this statement to the material information, the news release date and the posting date on the Exchange website.
General Instructions
- Prepare this Quarterly Listing Statement using the format set out below. The sequence of questions must not be altered nor should questions be omitted or left unanswered. The answers to the following items must be in narrative form. When the answer to any item is negative or not applicable to the Issuer, state it in a sentence. The title to each item must precede the answer.
- The term "Issuer" includes the Listed Issuer and any of its subsidiaries.
- Terms used and not defined in this form are defined or interpreted in Policy 1 - Interpretation and General Provisions.
There are three schedules which must be attached to this report as follows:
SCHEDULE A: FINANCIAL STATEMENTS -
See Schedule A attached.
Financial statements are required as follows:
For the first, second and third financial quarters interim financial statements prepared in accordance with the requirements under Ontario securities law must be attached.
FORM 5 - QUARTERLY LISTING STATEMENT
Silver Sands Resources Corp 3 Months Ended April 30, 2022
January 2015
Page 1
If the Issuer is exempt from filing certain interim financial statements, give the date of the exempting order.
SCHEDULE B: SUPPLEMENTARY INFORMATION
The supplementary information set out below must be provided when not included in Schedule A. (See Schedule A & C attached)
- Related party transactions
Provide disclosure of all transactions with a Related Person, including those previously disclosed on Form 10. Include in the disclosure the following information about the transactions with Related Persons: - A description of the relationship between the transacting parties. Be as precise as possible in this description of the relationship. Terms such as affiliate, associate or related company without further clarifying details are not sufficient.
- A description of the transaction(s), including those for which no amount has been recorded.
- The recorded amount of the transactions classified by financial statement category.
- The amounts due to or from Related Persons and the terms and conditions relating thereto.
- Contractual obligations with Related Persons, separate from other contractual obligations.
- Contingencies involving Related Persons, separate from other contingencies.
-
Summary of securities issued and options granted during the period.
Provide the following information for the period beginning on the date of the last Listing Statement (Form 2A): - summary of securities issued during the period,
The following securities were issued during Q1, 2022. (See below)
FORM 5 - QUARTERLY LISTING STATEMENT
Silver Sands Resources Corp 3 Months Ended April 30, 2022
January 2015
Page 2
Type of | ||||||||
Type of | Issue | Describe | ||||||
Security | (private | relationship | ||||||
(common | placement, | of Person | ||||||
shares, | public | Type of | with Issuer | |||||
convertible | offering, | Consideration | (indicate if | |||||
Date of | debentures, | exercise of | Total | (cash, | Related | Commission | ||
Issue | etc.) | warrants, | Number | Price | Proceeds | property, etc.) | Person) | Paid |
etc.) | ||||||||
Mar 24, | Common | Private | 13,450,000 | $0.10 | $1,345,000 | Cash | N/A | 8% cash |
2022 | Shares | Placement | finders' fees | |||||
totaling | ||||||||
$45,600 paid | ||||||||
and 456,000 | ||||||||
finder's | ||||||||
warrants | ||||||||
were issued | ||||||||
Mar 24, | Warrants | Private | 6,725,000 | $0.15 | N/A | N/A | N/A | N/A |
2022 | Placement | |||||||
Mar 21, | Common | Property | 4,000,000 | $0.12 | $480,000 | Property option | N/A | N/A |
2022 | Shares | Acquisition | ||||||
- summary of options granted during the period,
Name of Optionee | Generic description | Market | ||||
Date | Number | if Related Person | of other Optionees | Exercise Price | Expiry Date | Price on |
and relationship | date of | |||||
Grant | ||||||
April 22, | 1,500,000 | All directors of the | Consultant | $0. 15 | April 22, | $0.115 |
2022 | Company | 2027 | ||||
3. Summary of securities as at the end of the reporting period.
Provide the following information in tabular format as at the end of the reporting period:
- description of authorized share capital including number of shares for each class, dividend rates on preferred shares and whether or not cumulative, redemption and conversion provisions,
FORM 5 - QUARTERLY LISTING STATEMENT
Silver Sands Resources Corp 3 Months Ended April 30, 2022
January 2015
Page 3
Unlimited Authorized
- number and recorded value for shares issued and outstanding, as at April 30, 2022. 76,549,249 common shares issued with book value of $9,463,448.
- description of options, warrants and convertible securities outstanding, including number or amount, exercise or conversion price and expiry date, and any recorded value, and
The following table summarizes the options outstanding as at April 30, 2022:
Number of options | ||
Exercise price | outstanding | Expiry date |
$0.10 | 450,000 | March 19, 2024 |
$0.15 | 683,100 | January 24, 2025 |
$0.22 | 150,000 | May 20, 2025 |
$0.20 | 2,150,000 | May 25, 2025 |
$0.225 | 1,100,000 | September 20, 2025 |
$0.25 | 100,000 | November 4, 2025 |
$0.255 | 250,000 | December 4, 2025 |
$0.25 | 50,000 | February 12, 2026 |
$0.17 | 200,000 | October 26, 2026 |
$0.15 | 1,500,000 | April 22, 2027 |
6,633,100 |
The following table summarizes the warrants outstanding as at April 30, 2022:
Number of warrants | ||
outstanding and | ||
Exercise price | exercisable | Expiry date |
$0.25 | 11,715,000 | May 20, 2022 |
$0.30 | 527,134 | July 16, 2022 |
$0.30 | 5,854,900 | Aug 22, 2022 |
$0.15 | 7,181,000 | March 23, 2024 |
25,278,034 |
Weighted average remaining warrant life at April 30, 2022: 0.64 years.
FORM 5 - QUARTERLY LISTING STATEMENT
Silver Sands Resources Corp 3 Months Ended April 30, 2022
January 2015
Page 4
- number of shares in each class of shares subject to escrow or pooling agreements or any other restriction on transfer.
Escrow Shares:
The Company entered into an escrow agreement, whereby common shares will be held in escrow and are scheduled for release at 10% on the listing date and 15% every six months from date of listing. At April 30, 2022, there were 600,001 common shares held in escrow.
4. List the names of the directors and officers, with an indication of the position(s) held, as at the date this report is signed and filed.
Keith Anderson, President, CEO & Director
Ralph T. Henneberry, Director
Richard Macey, Director
Alexander Helmel, CFO & Director
Penilla Klomp, Corp. Secretary
SCHEDULE C: MANAGEMENT DISCUSSION AND ANALYSIS
Provide Interim MD&A if required by applicable securities legislation.
(See Schedule C Attached).
FORM 5 - QUARTERLY LISTING STATEMENT
Silver Sands Resources Corp 3 Months Ended April 30, 2022
January 2015
Page 5
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Golden Opportunity Resources Corp. published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 19:41:08 UTC.
