Goldcliff Reports Progress ON Cryptocurrency Plan
www.goldcliff.com
#400 – 789 W. Pender St.
Vancouver, B.C. V6C 1H2
Phone: 250-764-8879
Toll Free: 866-769-4802
GCN.TSXV www.directroyalty.com [email protected]
January 26, 2018
GOLDCLIFF REPORTS PROGRESS ON CRYPTOCURRENCY PLAN
Vancouver, B.C. - George Sanders, President of Goldcliff Resource Corporation
(“Goldcliff” or “the Company”) (GCN: TSX.V, GCFFF: OTCBB PINKS) reports that
Goldcliff is in the final stages of discussion with a blockchain development company for
the development of the DirectRoyalty streaming and royalty platform. Discussions
include utilizing DirectRoyalty to generate a gold based crypto currency. Consultation
with the blockchain team has been underway for several months and the parties expect
to conclude a development arrangement shortly. Shareholders and investors are
cautioned that there is no assurance Goldcliff’s discussion’s will result in a business
arrangement.
Goldcliff and the blockchain team are examining various methods of generating a gold
based crypto currency including but not limited to an Initial Token Offering. The
Company is not conducting an offering of any tokens at the moment, but if it decides to
do so, it will determine and disclose the terms of such offering at the appropriate time.
The Company has been advised that such an offering will be deemed to be a security
for the purposes of the Securities Act (British Columbia) and therefore the distribution
will require either a prospectus or an exemption from the prospectus requirement to
issue the tokens and to effect trades. The Company may utilize the accredited investor
exemption, the offering memorandum exemption or such other exemptions from the
prospectus requirement that are detailed in National Instrument 45-106 (Prospectus
Exemptions). If a token offering is completed, there may be trading of the tokens within
the network. In such a case, the Company will need to file a prospectus to permit the
secondary market trading of the token, or alternatively apply for an exemption from the
prospectus requirement for secondary market trading. There are no assurances that
such exemptions will be granted.
DirectRoyalty, 100% owned by Goldcliff, is an online crowdsourcing platform that will
enable investors to purchase fractional interests in precious metals royalties, streams,
and advance sale arrangements, directly from producers. Blockchain functionality and
the use of Smart Contracts will facilitate the seamless tracking of precious metals from
dore production at the mine site, or concentrate delivered to the refiner, through to
monetization or direct delivery to either investing customers or third party custodial
agents.
For further information, please contact George W. Sanders, President, at 250-764-8879,
toll free at 1-866-769-4802 or email at [email protected].
GOLDCLIFF RESOURCE CORPORATION
Per: “George W. Sanders”
George W. Sanders, President
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