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Spruce Ridge Announces Postponement of Dividend-in-kind of Shares of Canada Nickel Company
(TheNewswire) September 3, 2021 – TheNewswire - Spruce Ridge Resou...
About this update from Homeland Nickel Inc
[{"type":"text","content":"Spruce Ridge Announces Postponement of Dividend-in-kind of Shares of Canada Nickel Company\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n September 3, 2021 – TheNewswire -\n \n \n Spruce Ridge Resources Ltd. (TSXV:SHL)\n \n \n (OTC:SRCGF)\n \n \n (“\n \n \n Spruce Ridge\n \n \n ” or\nthe “\n \n \n Company\n \n \n ”)\n \n \n announces\n \n \n that the Company has postponed the dividend\n \n \n -in-kind (the “\n \n \n Dividend\n \n \n ”) of 2,500,000 of the 8,100,000\ncommon shares of Canada Nickel Company Inc. (TSXV: CNC)\n(“\n \n \n CNC Shares\n \n \n ”) held by Spruce Ridge, previously announced on July 27,\n2021, and that the Dividend was not paid on or after August 28, 2021,\nas previously announced.  The Company intends to postpone the\nDividend to a later date, with a new date of record (“\n \n \n Record Date\n \n \n ”) and\npayable date (“\n \n \n Payment\nDate\n \n \n ”), to be determined in consultation with\nthe TSX Venture Exchange.  The Company will provide a further update\non the Dividend with the new Record Date and Payment Date in due\ncourse.\n \n \n \n \n Spruce Ridge recognizes that those shareholders\n \n \n \n \n of record on the\noriginal record date of August 6, 2021 who sold their shares after\nAugust 6, 2021 until the date hereof\n \n \n will be\nunduly affected by the postponement and the Company will make those\nshareholders whole.  Spruce Ridge asks those shareholders who sold\ntheir Spruce Ridge shares after August 6, 2021 until the date hereof\nto advise the Company at\n \n \n \n \n [email protected]\n \n \n \n \n \n ,\n \n \n \n with\nverification of ownership and sale of Spruce Ridge shares after August\n6, 2021 until the date hereof, by October 31, 2021.\n \n \n \n \n About Spruce Ridge Resources Ltd.\n \n \n \n \n Spruce Ridge holds a 100% interest in the Great Burnt\nCopper-Gold Property in Central Newfoundland which covers a series of\ncopper ± gold rich VMS deposits.  Spruce Ridge recently\n \n \n acquired certain mineral leases with petroleum and natural\ngas rights, plus oil and gas wells, pipelines and facilities in the\nUnity area of southwestern Saskatchewan.  Included in the purchase\nare 793 ha of petroleum and natural gas rights from surface to the\nbas...