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Spruce Ridge Resources Limited: Spruce Ridge Announces Closing of Non-Brokered Flow-Through Financing
PUSLINCH, ON / ACCESSWIRE / January 20, 2021 / Spruce Ridge Resources Ltd. (TSXV:SHL) ( Spruce Ridge or the Company ) is pleased to announce that it has closed the final tranche of its previously announced non-brokered private placement of flow-through shares (see News Release dated January 11, 2021) 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 will issue 286,960 broker warrants exercisable at $0.14 for 24 months from the date of issue, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period.
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Spruce Ridge Intersects 22.75 Metres of 6.89% Copper at Great Burnt
December 24, 2020 GMT
PUSLINCH, ON / ACCESSWIRE / December 24, 2020 / Spruce Ridge Resources Ltd. (TSXV:SHL) (“Spruce Ridge” or the “Company”) 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 (see news release of December 21st), was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are: 22.75 metres of 6.89% Cu, 0.79% Zn and 0.05 g/t Au, including 12.55 metres of 10.59% Cu, 1.27% Zn and 0.07 g/t Au, which in turn included 1.50 metres of 18.15% Cu, 1.98% Zn and 0.04 g/t Au. The GB20-20 intercept is 187 metres north and 108 metres higher
Spruce Ridge Resources Limited: Spruce Ridge Intersects 22.75 Metres of 6.89% Copper at Great Burnt
PUSLINCH, ON / ACCESSWIRE / December 24, 2020 /
Spruce Ridge Resources Ltd. (TSXV:SHL) ( Spruce Ridge or the Company ) 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 (see news release of December 21
st), was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are:
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