Spruce Ridge Resources Announces Shares For Debt Agreement

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Spruce Ridge Resources Announces Shares For Debt Agreement

posted on Mar 28, 2014 10:26PM

(via Thenewswire.ca)

Norfolk County, Ontario / TNW-Accesswire / March 11, 2014 - Spruce Ridge Resources Limited (TSXV: SHL) ("Spruce Ridge") announces that it has settled outstanding debt of $75,000 owed to NWT Copper Mines Limited through the issuance of 1,250,000 common shares of the Company at a deemed price of $0.06 per share. The securities issued in connection with the debt settlement are subject to a statutory hold period of four months from the date of issuance in accordance with applicable securities legislation

For further information please contact:

John Ryan, President & CEO

Spruce Ridge Resources Ltd.

Phone: 519-428-5327

Email: [email protected]

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