Here’s what’s up September 3, 2021 – TheNewswire - Spruce Ridge Resources Ltd. (TSXV:SHL) (OTC:SRCGF) (“ Spruce Ridge ” or the “ Company ”) announces that the Company has postponed the dividend -in-kind (the “ Dividend ”) of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. (TSXV: CNC) (“ CNC Shares ”) 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 (“ Record Date ”) and payable date (“ Payment Date ”), to be determined in consultation with the TSX Venture Exchange. The Company will provide a further update on the Dividend with the new Record Date and Payment Date in due course.
Spruce Ridge recognizes that those shareholders of record on the original record date of August 6, 2021 who sold their shares after August 6, 2021 until the date hereof will be unduly affected by the postponement and the Company will make those shareholders whole. Spruce Ridge asks those shareholders who sold their Spruce Ridge shares after August 6, 2021 until the date hereof to advise the Company at spruceridgeresources@gmail.com , with verification of ownership and sale of Spruce Ridge shares after August 6, 2021 until the date hereof, by October 31, 2021.