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Silver Shield to resume trading on TSX-V May 21

2015-05-20 09:41 ET - News Release

An anonymous director reports

SILVER SHIELD RESOURCES CORP., ANNOUNCES RESUMPTION OF TRADING OF ITS COMMON SHARES, LOAN AGREEMENT WITH BLACKBIRCH CAPITAL & PROVIDES A CORPORATE UPDATE

The common shares of Silver Shield Resources Corp. have been approved for reinstatement of trading by the TSX Venture Exchange and the common shares will resume trading on the NEX board on Thursday, May 21, 2015.

The corporation would also like to announce that it has entered into a secondary loan agreement with BlackBirch Capital for the amount of $25,000. The loan bears an interest rate of 24 per cent per year and the corporation -- pending approval by the TSX Venture Exchange -- will issue BlackBirch Capital 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 10 cents 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 30, 2015. All resolutions passed with 18,648,138 votes being cast or 22.58 per cent of the 82,570,350 outstanding shares. Votes totally 18,638,138 were cast in favour of the resolutions, 10,000 votes were not voted and zero votes were cast against the resolutions.

We seek Safe Harbor.

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