Silver Spruce Resources Inc. Announces Adjournment of Annual General and Special Meeting of Shareholders - Silver Spruce Resources (OTC:SSEBF)

Silver Spruce Resources Inc., a junior exploration company in Canada, announced the adjournment of its annual general and special meeting of shareholders originally scheduled for October 29, 2024. The decision was made as the number of shareholders present and represented by proxy failed to reach the required 10% quorum threshold. At the time of the adjournment, only two shareholders were physically present, and proxy votes accounted for approximately 7.70% of the Company's common shares outstanding. The Board of Directors believes that approving the proposed matters from the Meeting Information Circular is critical for the company's future. The management is actively seeking to engage its shareholders, urging those who have not yet voted to do so by the new deadline of 2:00 pm on November 4, 2024. Proxies already submitted will still count towards the voting at the adjourned meeting unless revoked by the shareholders. The adjournment reflects the ongoing challenges faced by the company in securing adequate shareholder engagement and participation. It underscores the importance of raising awareness about the issues at hand and the necessity for shareholders to take part in shaping the direction of the company. In conjunction with the adjournment, Silver Spruce Resources continues its operations in relation to its various mineral exploration projects, which include significant opportunities in both Canada and Mexico. The engagement of shareholders is deemed essential when considering the future of these projects amid fluctuating market conditions.