Spruce Ridge Resources Ltd. Announces Cease Trade Order

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) -- Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSX-V: SHL) announces that it anticipates that it will be issued a failure-to-file cease-trade order (“CTO”) by the Ontario Securities Commission (the “OSC”) due to delays in filing the audited financial statements, CEO and CFO certifications, and management discussion and analysis (the “Annual Filings”) for the year ended April 30, 2022 by the filing deadline of August 29, 2022. The Company has been late in the preparation of the Annual Filings due to a combination of factors including the recent management changes which occurred within 30 days of the deadline for the Annual Filings. Once issued, the CTO will remain in effect until the Company files the Annual Filings.

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