Goldcliff Shareholders Approve Resolutions Resulting IN CEO Share Ownership over 20%
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]
April 26,2019
GOLDCLIFF SHAREHOLDERS APPROVE RESOLUTIONS RESULTING IN CEO
SHARE OWNERSHIP OVER 20%
Vancouver, B.C. - Goldcliff Resource Corporation (“Goldcliff” or the “Company”) (GCN: TSX.V,
GCFFF: OTCBB PINKS) announces that all items presented at the April 25 2019 Annual General
and Special Meeting of shareholders were approved, including the re-election of Directors,
appointment of Auditors and approval of the Stock Option Plan. In addition, disinterested
shareholders approved two resolutions for the issuance of shares to Company President George
Sanders; one for the conversion of a Note in the principal amount of $350,000 and a second for
the settlement of related party debt of $203,400. Details of the convertible Note and Debt
Settlement can be found in Goldcliff news releases dated January 8, 2019 and February 13, 2019.
Shareholder approval was sought because either or both share issuances would result in Mr.
Sanders owning more than 20% of the outstanding shares.
Once final regulatory approval is obtained, Goldcliff will issue to Mr. Sanders 5,000,000 common
shares for conversion of the outstanding note and a further 3,390,000 shares for the Debt
Settlement. Taken together with his existing holdings, Mr. Sanders will then own 11,559,853
common shares of a then issued 28,223,991 common shares or 40.95%.
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
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept
responsibility for the adequacy or the accuracy of this news release.