Spruce Ridge Resources Announces CFO Appointment
Spruce Ridge Resources Announces CFO Appointment
Toronto, Ontario – August 30, 2022 – Spruce Ridge Resources Ltd. (“Spruce” or the
“Company”) (TSX-V: SHL) announces that, due to unforeseen workload requirements, Robert
Suttie has resigned as Chief Financial Officer of the Company effective August 29, 2022 and will
be replaced by Ashley Nadon.
Ashley Nadon is a chartered professional accountant and holds a Bachelor of Ar ts (Economics)
degree from the University of Toronto, and an MBA from McMaster University. Mrs. Nadon
provides consulting and accounting services to private and public companies in her role as
Managing Director of a firm of chartered professional accountants. Mrs. Nadon has experience as
the CFO of several Reporting Issuers and is currently the CFO of Kermode Resources Ltd.
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 ot her 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 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 opportunitie s. 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 t o successfully recover mineral
property interests, general business, economic, competitive, political and social uncertainties; the
lack of available capital; impact of COVID -19 or the conflict in Ukraine on the business of the
Company; and other risks det ailed 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: 905.407.9586
Email: [email protected]