VANCOUVER, BC, July 4, 2024
/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")
(TSX: NCF) is pleased to announce that it has arranged a
non-brokered private placement (the "Private Placement") of
17,844,533 common shares of the Company ("Common Shares") at a
price of $0.018525 per Common Share
with Todd Sisson (NZ) Limited
("Todd") for gross proceeds to the Company of approximately
$330,570. Todd currently owns a total
of 476,391,477 Common Shares in the capital of Northcliff, and
after its participation in the Private Placement will hold
494,236,010 Common Shares or an 81.43% interest in the Company.
The Common Shares issued are subject to applicable resale
restrictions, including a hold period of four months and one day
from the closing of the Private Placement under Canadian securities
rules. The Private Placement is subject to customary closing
conditions including final Toronto Stock Exchange approval.
Proceeds will be used to fund the Company's share of expenditures
related to the Sisson Project and for working capital and general
corporate purposes.
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing
the feasibility-stage Sisson Tungsten-Molybdenum Project located in
New Brunswick, Canada, to
production.
Additional information on Northcliff is available on the
website at www.northcliffresources.com. Investor services can be
reached at (604) 684-6365 or within North
America at 1-800-667-2114.
On behalf of the Board of Directors
Andrew Ing
President & CEO
This release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical facts, that address the in-progress
financing, or other events that the Company expects, are forward
looking statements. Although the Company believes the expectations
expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially from those in the forward-looking statements. Investors
are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ
materially from those projected in the forward-looking statements.
For more information on the Company, investors should review the
Company's continuous disclosure filings that are available at
www.sedarplus.ca.
SOURCE Northcliff Resources Ltd.
