DGAP-News: Spruce Ridge Declares Dividend-in-kind of Shares of Canada Nickel Company

Spruce Ridge Resources Ltd. (TSX-V SHL) - ('Spruce Ridge' or the 'Company') is pleased to announce that its board of directors has declared a dividend-in-kind (the 'Dividend') of 2,500,000 of the 8,100,000 common shares of Canada Nickel Company Inc. (TSXV: CNC) ('CNC Shares') held by Spruce Ridge.