Spruce Ridge Resources announces that further to its press releases dated August 4, 2023 and August 23, 2023, the Company reached a settlement with the former CEO and director which includes a settlement payment of $180,000 plus HST and certain credit card expenses to the former CEO and director, and the transfer from the former CEO and director to the Company of 5 million shares of the Company with a value of $425,000 [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has entered into a share purchase agreement with RAB Capital Holdings Limited , an arm's length party of the Company, dated Nov 10, 2023 for the acquisition of all the issued and outstanding securities of RFN Holdings. RFN is the holder of an 80% interest in Homeland Nickel, which holds a portfolio of mining claims in Oregon that comprise the Red Flat Property and [...]
Spruce Ridge Resources Ltd. is pleased to announce that, further to its news release of August 17, 2023, the Company has entered into an option agreement with Benton Resources Inc. dated September 20, 2023, pursuant to which Benton has an option to earn an undivided 70% interest in Spruce's Great Burnt Copper/Gold Property . Highlights of the Option Agreement Under the terms of the Option Agreement, Benton can earn a 70 [...]
Spruce Ridge Resources Ltd. announces that further to its press release dated August 4, 2023, upon taking control of the Company's records in August of 2022, current management was notified of funds owed to the Company by the former president and CEO, John Ryan. The amount owing has not been repaid and current management does not believe the funds were advanced for legitimate business purposes. The receivable was assessed [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has signed a binding letter of intent with Benton Resources Inc. to enter into an option agreement whereby Benton can earn an undivided 70% interest in Spruce's Great Burnt Copper/Gold Property, comprised of six mineral licenses and one mining lease . Highlights of the Option Agreement Under the terms of the Option Agreement, Benton can earn a 70% undivided [...]
Spruce Ridge Resources Ltd. is pleased to announce that further to its press release announcing the revocation of the cease-trade order dated August 4, 2023, the TSX Venture Exchange has lifted the trading halt imposed on the Company's common shares in connection with the CTO. The Common Shares are expected to resume trading on the facilities of the TSXV at the open of market on August 11, 2023. Cautionary Statement [...]
Spruce Ridge Resources Ltd. is pleased to announce that on August 4th, 2023 the Ontario Securities Commission granted a full revocation of the failure-to-file cease-trade order issued against the Company on September 2, 2022. The Company had been subject to the CTO for failure to meet the deadlines to file the annual audited financial statements, CEO and CFO certifications, and management discussion and analysis . The [...]
Spruce Ridge Resources Ltd. announces that further to its press release dated September 1, 2022 the Company has filed its audited annual financial statements for the year ended April 30, 2022, along with the related management's discussion and analysis, and CEO and CFO certifications . The full text of the Annual Filings is available on the Company's profile on SEDAR at www.sedar.com. Highlights of 2022 Financial Year [...]
Spruce Ridge Resources Ltd. announces that it anticipates that it will be issued a failure-to-file cease-trade order by the Ontario Securities Commission due to delays in filing the audited financial statements, CEO and CFO certifications, and management discussion and analysis for the year ended April 30, 2022 by the filing deadline of August 29, 2022. The Company has been late in the preparation of the Annual Filings [...]
Spruce Ridge Resources Ltd. announces that, due to unforeseen workload requirements, Robert Suttie has resigned as Chief Financial Officer of the Company effective August 29, 2022 and will be replaced by Ashley Nadon. Ashley Nadon is a chartered professional accountant and holds a Bachelor of Arts degree from the University of Toronto, and an MBA from McMaster University. Mrs. Nadon provides consulting and accounting [...]
Spruce Ridge Resources Ltd. announces that it expects that its audited financial statements, CEO and CFO certifications, and management discussion and analysis for the year ended April 30, 2022 will not be released as scheduled on August 29, 2022. The Company currently anticipates being able to disseminate the Annual Filings on or before September 30, 2022. The Company has been late in the preparation of the Annual [...]
Spruce Ridge Resources Ltd. is pleased to announce that Spruce Ridge Oil & Gas Inc. a 100% owned subsidiary has signed a Letter of Intent with Original Oil, under which OOI will acquire 50% of the 4-section lease near Unity, Saskatchewan, and 10 oil wells held by Spruce Ridge Oil & Gas. OOI is a Lloydminster-based, seasoned, successful oilfield operator in the area. OOI will become the operator and, at its own expense [...]
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