/C O R R E C T I O N from source -- Northcliff Resources Ltd./ In the news release, NORTHCLIFF SETTLES LOAN , issued 24-Oct-2023 by Northcliff Resources Ltd. over PR Newswire, we are advised by the company that the first paragraph, first and last
/C O R R E C T I O N from source -- Northcliff
Resources Ltd./
In the news release,
NORTHCLIFF SETTLES LOAN
, issued
24-Oct-2023
by Northcliff Resources
Ltd. over PR Newswire, we are advised by the company that the first paragraph, first and last
sentences, should read ""…first tranche, and the second and third tranches [of the Loan]…"" rather
than "...first and second tranches [of the Loan]..." as originally issued inadvertently. The complete,
corrected release follows:
NORTHCLIFF SETTLES LOAN
VANCOUVER, BC
,
Oct. 24, 2023
/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")
(TSX: NCF) announces, further to its
June 23, 2022
news release, that it has settled the first
tranche, and the second and third tranches of the
$5,200,000
Loan 2 in the amount of
$4,000,000
plus accrued interest (the "Loan") by issuing 225,789,474 shares to
Todd Sisson
(NZ) Limited
("Todd"). The Loan was approved by disinterested shareholders at the Company's extraordinary
general meeting held on
August 25, 2022
. The drawdown dates for the first tranche, and the second
and third tranches of the Loan were
September 28, 2022
and
October 19, 2022
respectively.
Todd is a subsidiary of the Todd Corporation, the Company's largest shareholder. Todd now holds
369,584,460 shares or a 76.63% interest in Northcliff.
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum
Project located in
New Brunswick, Canada
, to production. Additional information on Northcliff is
available on the website at
www.northcliffresources.com
.
On behalf of the Board of Directors
Andrew Ing
President & CEO
SOURCE
Northcliff Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/October2023/25/c2492.html
%SEDAR: 00030606E
For further information:
Investor services can be reached at (604) 684-6365 or within North
America at 1-800-667-2114.
CO: Northcliff Resources Ltd.
CNW 23:18e 25-OCT-23