Spruce Ridge Resources Ltd. Announces Agreement with RAB Capital Holdings to Acquire Nickel Assets in Oregon

TORONTO, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Spruce Ridge Resources Ltd. (“Spruce” or the “Company”) (TSXV: SHL) is pleased to announce that it has entered into a share purchase agreement (the “Agreement”) with RAB Capital Holdings Limited (“RAB Capital”), an arm’s length party of the Company, dated November 10, 2023 for the acquisition (the “Transaction”) of all the issued and outstanding securities of RFN Holdings Limited (“RFN”). RFN is the holder of an 80% interest in Homeland Nickel Corporation (“HLN”), which holds a portfolio of mining claims in Oregon that comprise the Red Flat Property (“Red Flat”) and the Cleopatra Property (“Cleopatra” and, collectively with Red Flat, the “Properties”), as well as an interest in some secondary deposits in the vicinity of the Properties (the “Deposits”).

Read more at globenewswire.com