Spruce Ridge Resources Ltd. announces that the Company has postponed the dividend-in-kind of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge, previously announced on July 27, 2021, and that the Dividend was not paid on or after August 28, 2021, as previously announced. The Company intends to postpone the Dividend to a later date, with a new date of record and payable date , to [...]
Spruce Ridge Resources Ltd. - has applied for its common shares to be trading on the OTCBQ Venture Market, a United States trading platform operated by the OTC Markets Group in New York. The company will provide further information once its common shares commence trading. The OTCBQ is the premiere marketplace for early stage and developing U.S. and international companies that are committed to providing a high-quality [...]
Spruce Ridge Resources Ltd. - is pleased to announce that its board of directors has declared a dividend-in-kind of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge. The Dividend is payable on or before September 3, 2021 to holders of record of Spruce Ridge shares at the close of business on August 6, 2021 . This Dividend will be the second payable as the first Dividend of [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has acquired certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwestern Saskatchewan from Repsol Canada Energy Partnership. Included in the purchase are 793 ha of petroleum and natural gas rights from surface to the base of the Mannville Group with an average working interest of [...]
Spruce Ridge Resources Ltd. is pleased to announce that work has begun on the access trail from Great Burnt Main Zone to South Pond "B" Gold Zone and continues on to the South Pond "A" Copper/Gold Zone. Once the trail reaches the South Pond "B" Gold Zone drill sites will be cleared and drilling will commence. Results of historical drilling on the South Pond "B" Zone by BP Minerals in 1987 and 1989 included the following [...]
Spruce Ridge Resources Ltd. is pleased to announce that the Company has received the results of an updated Mineral Resource Estimate for the Great Burnt Copper and Gold Property in Central Newfoundland, that incorporates the results of the 2020 diamond drilling program on the Great Burnt Main Zone. The Mineral Resource Estimate was prepared by P&E Mining Consultants Inc. It will be used in a Preliminary Economic [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has an agreement to purchase certain mineral leases with petroleum and natural gas rights, plus oil and gas wells, pipelines and facilities in the Unity area of southwestern Saskatchewan from Repsol Canada Energy Partnership. Included in the purchase are 793 ha of petroleum and natural gas rights from surface to the base of the Mannville Group with an average [...]
Spruce Ridge Resources Ltd. is pleased to provide a summary of progress towards a Preliminary Economic Assessment of the Great Burnt Copper Deposit in central Newfoundland. The PEA, which is being undertaken by P&E Mining Consultants Inc., will include an updated Mineral Resource Estimate and incorporate the results of metallurgical testing, and is expected to be complete by early Q4 2021. The updated Mineral Resource [...]
Spruce Ridge Resources Ltd. is pleased to announce final assay and analysis results from the 2020 diamond drilling program on the Great Burnt copper deposit in Central Newfoundland. A total of 3,114 metres were drilled in 22 holes. The table below gives weighted averages for the mineralized intersections in each hole. Assays for drill holes GB20-05 and GB20-20 were done on a "rush" basis and the results for those two [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has formed a joint venture with a private group of knowledgeable mining investors to explore VMS and gold targets on its Crawford Township property . Crawford Township is located within the Abitibi Clay Belt where clay and till cover average 30m. There is very little outcrop of geology and as a result exploration programs rely heavily on geophysical and [...]
Spruce Ridge Resources Ltd. announces that it has received approval from the TSX Venture Exchange to close its non-brokered private placement of flow-through shares . The Company will issue 11,546,142 flow-through shares at $0.14 per share for total proceeds of $1,616,460. The flow-through shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with provisions of the [...]
Spruce Ridge Resources Ltd. is pleased to report the value of its marketable securities as at market close on Friday February 19, 2021. Closing Share Shares Price Market Owned 19-Feb-21 Value Canada Nickel Company 8,100,000 3.85 $ 31,185,000.00 Noble Mineral Exploration 10,000,000 0.17 1,700,000.00 Magna Terra Minerals 76,126 0.17 12,941.42 $ 32,897,941.42 The value of the marketable securities based on 148,364,764 shares [...]
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