Spruce Ridge Resources Ltd. is pleased to announce that it has closed a non-brokeredprivate placement for gross proceeds of $400,000 consisting of 7,100,000 nonflow-through units for $355,000 and 900,000 flow-through units for $45,000. Each NFT unit will be issued at $0.05 and will consist of one common share and one common share purchase warrant, each warrant exercisableat $0.05 cents for three years. Each FT unit will [...]
Spruce Ridge Resources Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 8,000,000 units at a price of $0.05 per Unit, for total gross proceeds to the Company of up to $400,000. Units will be offered on a flow-through basis and on a non-flow-through basis. Each NFT Unit shall consist of one common share in the capital of the Company (a “Share”) and one common share [...]
Spruce Ridge Resources is pleased to announce that it has signed an LOI with a private group of knowledgeable mining investors to acquire up to 50% of its Option and Joint Venture agreement with Noble Mineral Exploration Ltd on its Crawford Township property. The Crawford Property lies approximately14 kilometres north of Glencore Canada’s world class Kidd Creek zinc-copper-silver mine, currently celebrating its 52nd year [...]
Spruce Ridge Resources is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement (see News Release dated April 25, 2018) for gross proceeds of $112,900, consisting of 2,822,500 units at a price of $0.04 per unit. The total amount raised is $434,900. Each unit under the Placement consists of one common share and one whole warrant. Each warrant will entitle the [...]
Spruce Ridge Resources is pleased to announce that it has received a preliminary review and assessment of historical airborne EM and magnetic surveys flown over the Great Burnt Lake Copper Property in south central Newfoundland. The re-interpretation was carried out by Steve Balch, P. Geo., President and founder of BECI, a geophysical services and development company. The review incorporated a 2007 helicopter-borne [...]
Spruce Ridge Resources Ltd. reports that the nominees listed in the management information circular for the 2018 Annual General Meeting of shareholders held on July 11, 2018 were elected as directors of Spruce Ridge. Detailed results of the vote for the election of directors are set out below:
Spruce Ridge Resources is pleased to announce that it has recently received from Noble Mineral Exploration, the results of the Artificial Intelligence (AI) carried out by Albert Mining on Spruce Ridge’s recently acquired Crawford Township property. Albert Mining of Brossard, used their proprietary Computer Aided Resources Detection Software “Artificial Intelligence” Technology and Data Mining Techniques to further enhance [...]
Spruce Ridge Resources is pleased to announce that it has closed a second tranche of its previously announced non-brokered private placement for gross proceeds of $101,000, consisting of 2,525,000 units at a price of $0.04 per unit. To date $322,000 has been raised. Each unit under the Placement consists of one common share and one whole warrant. Each warrant will entitle the holder to purchase one additional common [...]
Spruce Ridge Resources is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement for gross proceeds of $221,000, consisting of 5,525,000 units at a price of $0.04 per unit. Each unit under the Placement consists of one common share and one whole warrant. Each warrant will entitle the holder to purchase one additional common share of the Company at an exercise [...]
Spruce Ridge Resources is pleased to announce that it has signed an Option and Joint Venture Agreement with Noble Mineral Exploration Inc. to earn a 75 percent interest in specific target areas having a size of up to 2000 hectares in Noble’s 9,000-hectare Crawford Township property, which comprises part of Noble’s ~70,000 hectare Project 81. The Crawford Property lies approximately14 kilometres north of Glencore Canada’s [...]
Spruce Ridge Resources Ltd. is pleased to announce that it intends to complete a non-brokered private placement financing of up to 12,500,000 units at a price of $0.04 per Unit, for total gross proceeds to the Company of up to $500,000. Each Unit shall consist of one common share in the capital of the Company (a “Share”) and one common share purchase warrant. Each Warrant shall entitle the holder to acquire one common [...]
Spruce Ridge Resources is pleased to announce that it has signed a binding Letter of Intent with Noble Mineral Exploration to earn a 75 percent interest in specific target areas having a size of up to 2000 hectares in Noble’s 9,000-hectare Crawford Township property, which comprises part of Noble’s Project 81. The Crawford Property lies approximately 13 km north of Glencore Canada’s world class Kidd Creek [...]
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