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Bullboard - Stock Discussion Forum Spruce Ridge Resources Ltd V.SHL

Alternate Symbol(s):  SRCGF

Metals & Mining Industrial Metals & Minerals
Spruce Ridge Resources Ltd. is a Canada-based mineral exploration company. It is focused on critical metal resources with nickel projects in Oregon, United States and copper projects in Newfoundland, Canada. It has four properties in Oregon, two nickel resources (Cleopatra and Red Flat), one with nickel sulfide intersections in drillcore (Shamrock) and nickel laterite at Eight Dollar. Its 100... see more

TSXV:SHL - Post Discussion

Spruce Ridge Resources Ltd > SHL owns 3.6 million CNC shares
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Post by stockwatcher7 on Feb 06, 2024 3:36pm

SHL owns 3.6 million CNC shares

Canada Nickel Announces Closing of Samsung SDI Equity Investment

PR Newswire

TORONTO, Feb. 6, 2024

TORONTO, Feb. 6, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) has completed its previously announced equity investment by Samsung SDI Co., Ltd. ("Samsung SDI") for aggregate gross proceeds of US$18.5 million (see Canada Nickel press release dated January 19, 2024). Samsung SDI has subscribed for 15.6 million common shares of the Company at C$1.57 per share. Samsung SDI now holds 8.7% of the issued and outstanding common shares of the Company.

Canada Nickel Company Inc. (CNW Group/Canada Nickel Company Inc.)

About Samsung SDI

Samsung SDI is a manufacturer of rechargeable batteries for the IT industry, automobiles, and energy storage systems ("ESS"), as well as cutting-edge materials used to produce semiconductors and displays. Samsung SDI's executive managers and staff members focus efforts to develop the next generation's growth drivers in order to secure Samsung SDI's place as a creative leader in the energy and materials industry. 

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Spruce Ridge Resources Ltd