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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Homeland Nickel Inc | TSXV:SHL | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.005 | 14.29% | 0.04 | 0.035 | 0.04 | 0.04 | 0.035 | 0.035 | 70,000 | 20:05:58 |
Also at that meeting, the shareholders approved the reappointment of Grant Thornton LLP as auditors of the Company and approved the Company’s Stock Option Plan.
John Ryan has resigned as President and CEO of the Company, and Mr. Steve Balch has been appointed as President and CEO of Spruce on an interim basis. Mr. Ryan continues as a consultant to assist with an orderly transition. Mr. Ryan commented, “I am pleased to welcome the new Board and I look forward to working with the new management.”
Property Update
Spruce Ridge announces that assessment reports for three mineral licences covering its South Pond Copper-Gold Property within Spruce’s Great Burnt Property (2,890 ha) located in Central Newfoundland are being filed after the applicable deadlines. The Company has held the mineral claims since 1999. Acceptance of the late filing has been requested from the Newfoundland and Labrador Mineral Lands Division. The South Pond Copper-Gold Property was most recently discussed by the Company in its news release of July 19, 2022. Shareholders are advised that the exploration results discussed in that news release (and in prior news releases) relate to a property area for which Spruce may no longer have the required mineral licenses.
The Great Burnt Copper Zone is contained in a separate mining lease and remains in good standing.
The mineral claims covering the Pipestone nickel prospect (4,575 ha) have expired due to lack of sufficient assessment work required to keep the claims in good standing. This property was not under active exploration.
Background of New Directors
The Company is pleased to provide the following information regarding the members of its newly constituted Board of Directors.
Cautionary Statement:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
This news release contains statements that constitute “forward-looking statements”. Forward-looking statements are statements that are not historical facts and include, but are not limited to, disclosure regarding possible events, that are based on assumptions and courses of action, and in certain cases, can be identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur, or the negative forms of any of these words and other similar expressions. Forward-looking statements include: the intention of management to review and evaluate the property holdings and exploration initiatives of the Company to preserve and maximize shareholder value; the Company’s intention to seek a waiver of the late filing of assessment reports; and statements related to future plans for the Company. Forward-looking statements are based on various assumptions including with respect to management plans and mineral property curative steps, as well as results of operations, performance, business prospects and opportunities. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, such assumptions may prove to be incorrect. Forward-looking statements involve known and unknown risks and uncertainties, they should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results, performance or achievements to differ materially from the results discussed in the forward-looking statements, including, but not limited to: the inability to develop and successfully implement exploration strategies, the inability to successfully recover mineral property interests, general business, economic, competitive, political and social uncertainties; the lack of available capital; impact of COVID-19 on the business of the Company; and other risks detailed from time-to-time in the Company’s ongoing filings with securities regulatory authorities, which filings can be found at www.sedar.com. The Company cannot assure readers that actual results will be consistent with these forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements in this press release. These forward-looking statements are made as of the date of this news release and the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, unless otherwise required by law.
Contacts:
Steve Balch, President & CEO (interim)Phone: 905.407.9586Email: steve@beci.ca
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