SHL:CC - Spruce Ridge Resources Announces Amalgamation and Name Change
(TheNewswire)
Toronto, Ontario – May 13, 2024 –Spruce Ridge Resources Ltd. ( “Spruce” orthe “Company” ) (TSXV: SHL) is pleased to announce it that it has completeda vertical amalgamation with its wholly owned subsidiary, HomelandNickel Inc., effective May 10, 2024. On May 16, 2024, the Company’sname will change from “Spruce Ridge Resources Ltd.” to “HomelandNickel Inc.” The CUSIP number assigned to the common shares of theCompany following the name change is 43740Q107.
The common shares of the Company will commence tradingon the TSX Venture Exchange at the opening of trading on May 16, 2024,under the new name. There is no change in the trading symbol, whichremains “SHL”. Common share certificates bearing the old Companyname, “Spruce Ridge Resources Ltd.”, continue to be valid insettlement of trades in common shares and will only be replaced withcertificates bearing the new name against transfer. The Company is notrequesting, and shareholders are not required to exchange theirexisting common share certificates for new certificates bearing thenew Company name.
Steve Balch, President and CEO stated, “The namechange to Homeland Nickel Inc. officially marks the transition of theCompany into a nickel focused explorer and developer. Homeland NickelCorp., the name of our United States subsidiary that holds ourprojects, was rebranded last year and we wish to continue that focusas potentially the only domestic supplier of Nickel in the continentalUS.”
The Company’s website will be available at www.homelandnickel.com as of May 16, 2024 .
About Homeland Nickel
Homeland Nickel is a Canadian-based mineral explorationcompany focused on critical metal resources with nickel projects inOregon, United States and copper projects in Newfoundland, Canada. TheCompany also holds a significant portfolio of mining securitiesincluding 3.56 million shares of Canada Nickel Company Inc.(TSX-V:CNC), 10.0 million shares of Noble Mineral Exploration Inc.(TSX-V:NOB), 15.0 million shares of Benton Resources Inc. (TSX-V:BEX)and 2.5 million shares of Magna Terra Minerals Inc. (TSX-V:MTT).Homeland’s common shares trade on the TSX Venture Exchange under thesymbol “SHL”. More detailed information can be found on theCompany’s website at:
Contact
Stephen Balch, President & CEO
Phone: 905.407.9586
Email: steve@beci.ca
Cautionary Statement
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this news release. No stockexchange, securities commission or other regulatory authority hasapproved or disapproved the information contained herein. This newsrelease contains statements that constitute “forward-lookingstatements”. Forward-looking statements are statements that are nothistorical facts and include, but are not limited to, disclosureregarding possible events, that are based on assumptions and coursesof action, and in certain cases, can be identified by the words“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”, “may”, “could”or “should” occur, or the negative forms of any of these words andother similar expressions. Forward-looking statements includestatements related to future plans for the Company, and otherforward-looking information. Forward-looking statements are based onvarious assumptions including with respect to the anticipated actionsof securities regulators, stock exchanges, and government entities,management plans and timelines, as well as results of operations,performance, business prospects and opportunities. Although theforward-looking statements contained in this news release are basedupon what the management of the Company believes are reasonableassumptions on the date of this news release, such assumptions mayprove to be incorrect. Forward-looking statements involve known andunknown risks and uncertainties, they should not be read as guaranteesof future performance or results, and they will not necessarily beaccurate indications of whether such results will be achieved. Anumber of factors could cause actual results, performance orachievements to differ materially from the results discussed in theforward-looking statements, including, but not limited to: aninability to develop and successfully implement explorationstrategies; general business, economic, competitive, political andsocial uncertainties; the lack of available capital; impact of theevolving situation in Ukraine on the business of the Company; andother risks detailed from time-to-time in the Company’s ongoingfilings with securities regulatory authorities, which filings can befound at www.sedarplus.ca. The Company cannot assure readers thatactual results will be consistent with these forward-lookingstatements. Readers are cautioned not to place undue reliance onforward-looking statements in this press release. Theseforward-looking statements are made as of the date of this newsrelease and the Company disclaims any intent or obligation to updateany forward-looking statement, whether because of new information,future events or otherwise, unless otherwise required by law.
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