June 12 (Reuters) - Sandspring Resources Ltd SSP.V :
* SANDSPRING RESOURCES TO ACQUIRE INTEREST IN SILVER – GOLD PROJECT IN THE SEGOVIA-REMEDIOS MINING DISTRICT OF ANTIOQUIA, COLOMBIA AND ANNOUNCES PRIVATE PLACEMENT
* SANDSPRING RESOURCES - IN CONSIDERATION FOR GA MINE, CO WILL ISSUE 21 MILLION COMMON SHARES TO GA MINE AND MAKE A CASH PAYMENT OF US$1.1. MILLION TO GA MINE
* SANDSPRING RESOURCES LTD - GA MINE WILL ALSO HAVE RIGHT TO NOMINATE A MEMBER OF BOARD OF DIRECTORS OF COMPANY UPON COMPLETION OF TRANSACTION
* SANDSPRING RESOURCES - INTENDS TO ACQUIRE ALL OF SHARE CAPITAL OF GA MINE & ARCADIAN IN ORDER TO ACQUIRE 70% INTEREST IN JV HELD BY ARGENTUM
* SANDSPRING RESOURCES LTD - IN CONSIDERATION FOR ACQUISITION OF GRAN COLOMBIA CARRIED INTEREST, CO IS REQUIRED TO ISSUE 15 MILLION COMMON SHARES ON CLOSING
* SANDSPRING RESOURCES LTD - INTENDS TO CONDUCT A NON-BROKERED PRIVATE PLACEMENT OF UP TO 36 MILLION UNITS AT A PRICE CDN$0.25 PER UNIT