Spruce Ridge Resources Ltd. is pleased to announce the value of its marketable securities as at market close on Friday February 12, 2021. Closing Share Shares Price Market Owned 12-Feb-21 Value Canada Nickel Company 8,100,000 3.220 $ 26,082,000.00 Noble Mineral Exploration 10,000,000 0.130 1,300,000.00 Magna Terra Minerals 76,126 0.185 14,083.31 $ 27,396,083.31 Total shares outstanding 148,364,764. Spruce Ridge holds [...]
Spruce Ridge Resources Ltd. is pleased to announce receipt of $75,000 anniversary option payment from Magna Terra Minerals Inc. . Spruce Ridge entered into an Amended Option Agreement for both the Viking and Kramer properties with Magna Terra . The Viking and Kramer Properties form part of the larger Viking and Great Northern Projects near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland. Option [...]
Spruce Ridge Resources Ltd. is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement of flow-through shares for gross proceeds of $1,006,640 consisting of 7,189,000 Flow-Through shares at a price of $0.14 per share. The total amount raised was $1,616,640. In connection with the final tranche private placement, the Company will pay $48,612 in finders fees and [...]
Spruce Ridge Resources Ltd. announces that the Company intends to complete a non-brokered private placement of flow-through shares . The flow-through shares are priced at $0.14 per flow-through share for gross proceeds of up to $1,400,000 . The Company also announces the first tranche closing of $610,000 and issuing 4,357,142 flow through shares. In connection with the first tranche private placement, the Company will pay [...]
Spruce Ridge Resources Ltd. is pleased to announce the results of its 2020 Annual general of shareholders held on December 30, 2020. Results of the Meeting At the Meeting, the shareholders: Approved the election of the directors proposed by management of the Company, namely: Marc Askenasi, Colin Bowdidge, Michael Dehn, Zoran Popovic and John Ryan ; Confirmed the re-appointment of S & W LLP, Chartered Professional [...]
Spruce Ridge Resources Ltd. is pleased to announce assay results of a second hole - GB20-20 - of the recently completed 3,100-metre infill drilling program of the Great Burnt Main Zone copper deposit on the wholly-owned Great Burnt project in central Newfoundland. Hole GB20-20, like hole GB20-05, was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are [...]
Spruce Ridge Resources Ltd. is pleased to announce the completion of a 22-hole, 3100-metre program of infill diamond drilling on its wholly-owned Great Burnt copper deposit in central Newfoundland. Core from drill hole GB20-05 was selected for assaying on a priority basis because it included sections of unusually high grade copper mineralization. The hole intersected 27.2 metres averaging 8.02% Cu, including 7.75 metres [...]
Spruce Ridge Resources Ltd. is pleased to announce that diamond drilling will begin next week on its 100% owned Great Burnt copper-gold Volcanogenic Massive Sulphide property in South Central Newfoundland. The drill program will comprise approximately 3,500 metres. Highlights from the 2018 infill drilling on the Great Burnt Main Zone include 20.94 metres of 6.21% copper , including 6.98 metres of 10.71% Cu in dill hole [...]
Spruce Ridge Resources Ltd. is pleased to announce that effective September 8, 2020 it has entered into Amended Option Agreements with Magna Terra Minerals Inc. for both the Viking and Kramer Properties situated near the communities of Pollard's Point and Sop's Arm in White Bay, Newfoundland. The original Option Agreements for the Properties were entered into on February 5, 2016 between Spruce Ridge and Anaconda Mining[...]
Spruce Ridge Resources Ltd. - is pleased to announce that the previously announced dividend-in-kind of 2,500,000 shares of Canada Nickel Company Inc. held by the Company has been distributed to its shareholders as a direct deposit to their broker accounts or by Direct Registration Statement. Following completion of the share distribution, Spruce Ridge now owns 8,100,000 shares of CNC. For further information on the [...]
Spruce Ridge Resources Ltd. - announces an update to the dividend-in-kind of 2,500,000 of the 10,600,000 common shares of Canada Nickel Company Inc. held by Spruce Ridge, previously announced on June 23, 2020 and June 26, 2020. Following the announcement of the Dividend, a number of outstanding warrants to purchase common shares of the Company were exercised prior to the close of business on July 6, 2020 . Based upon the [...]
Spruce Ridge Resources Ltd. is pleased to present this update on the Company's mineral exploration activities. Additional Infill Drilling on the Great Burnt Copper Deposit: The Company is planning to immediately commence a 3,000 metre program of infill diamond drilling on the Great Burnt Copper Deposit in central Newfoundland. The program is intended to firm up the Indicated and Inferred Mineral Resource estimate on the [...]
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