Silver Shield Resources Corp., Announces Resumption of Trading of its Common Shares, Loan Agreement with BlackBirch Capital & Provides a Corporate Update
Toronto, Ontario--(Newsfile Corp. - May 20, 2015) - Silver Shield Resources (TSXV: SSR.H) ("Silver Shield" or the "Corporation") is pleased to announce that the common shares of the Corporation have been approved for reinstatement of trading by the TSX Venture Exchange and that the common shares will resume trading on the NEX Board on Thursday May 21st, 2015.
The Corporation would also like to announce that it has entered into a secondary loan agreement with BlackBirch Capital for the amount of Twenty-Five Thousand Dollars ("$25,000.00") CDN. The loan bears an interest rate of 24% per annum and the Corporation - pending approval by the TSX Venture Exchange - will issue BlackBirch Capital Twenty-Five Thousand ("25,000") common share purchase warrants. Repayment of the loan is due within six months from the commencement date however the lender has the option to extend the repayment date from six months to one year. Each share purchase warrant shall allow the holder to acquire one common share of the Corporation at a price of $0.10 per share. The warrants shall expire 12 months from the date of issuance. BlackBirch Capital has also extended the repayment term of the Loan it granted Silver Shield Resources in November of 2014 from six months to one year.
The Corporation would also like to inform all of its shareholders that the Corporation held its AGM on April 30th 2015. All resolutions passed with 18,648,138 votes being cast or 22.58% of the 82,570,350 outstanding. 18,638,138 votes were cast in favor of the resolutions, 10,000 votes were not voted and 0 votes were cast against the resolutions.
About Silver Shield Resources
Silver Shield Resources is determined to become a world class silver producing company. The Corporation continues to source both debt and equity financing to move the Corporations quality projects to first stage production. For more information please visit the corporate website at www.silvershieldresources.net.
For further information please contact:
Mr. Frank Kordy
Interim CEO
Silver Shield Resources Corp.
T: (647) 466-4037
E: frank.kordy@silvershieldresources.net
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release
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