Silver Sands Resources Concludes Private Placement and Debt Settlement
Vancouver, British Columbia — February 13, 2026 — Leads & Copy — Silver Sands Resources Corp. has announced the closing of a private placement financing and a debt settlement agreement.
The company (CSE: SAND) (OTC Pink: SSRSF) issued 6,499,333 units at $0.075 per unit, generating gross proceeds of $487,449.98. Each unit comprises one common share at $0.075 and one-half of a transferable share purchase warrant. Each whole warrant is exercisable at $0.15 per common share for 24 months from closing.
Finders fees of $20,571.25 were paid in cash, and 274,283 non-transferable finders warrants were issued to registered finders.
Silver Sands also entered into debt settlement agreements with three directors and the corporate secretary. The company issued 2,365,000 units at a deemed price of $0.075 per unit to settle CAD$ 177,375.00 in indebtedness. Similar to the private placement, each unit includes one common share at $0.075 and one-half of a transferable share purchase warrant, with each whole warrant exercisable at $0.15 per common share for 24 months.
The company opted to settle the debt with shares and warrants to preserve cash for operations.
The Canadian Securities Exchange must still approve the private placement and debt settlement transactions. An aggregate of 8,864,333 common shares and 4,432,166 warrants will be subject to a four-month and one-day hold period, expiring on June 14, 2026. The company will use the proceeds for general working capital and property investigation.
Silver Sands Resources Corp. is a Canada-based company focused on mineral exploration and acquiring mineral property assets in mining-friendly areas, seeking to develop economic precious and base metal properties.
Keith Anderson, Chief Executive Officer, President & Director, is the listed contact for further information.
The Canadian Securities Exchange has neither approved nor disapproved the contents of this release.
Source: Silver Sands Resources Corp.
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