Northcliff Announces Management Change
Northcliff Announces Management Change
VANCOUVER, BC
,
June 19, 2020
/CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company")
(TSX: NCF) announces that
Chris Zahovskis
has tendered his resignation as President and CEO of
the Company to be effective
June 19
, 2020.
Northcliff plans to seek a new President and CEO, and pending this appointment,
Andrew Ing
, the
current CFO of the Company, will act as Interim CEO and Mr.
Luqman Khan
will be appointed
interim CFO.
Mr. Khan is a Chartered Professional Accountant (CPA CGA), with more than 25 years of
professional experience in accountancy and business management and is currently the CFO of RE
Royalties Ltd., listed on the TSXV. For the past decade, he has served in various controllership and
CFO positions with publicly traded companies.
Northcliff Chairman
Marchand Snyman
said, "On behalf of the Board of Directors of Northcliff, I
would like to thank Chris for his contributions to the Company over the past decade. A long-time
professional in the mining industry, Chris led our team through the final stages of resource definition
and preparation of a positive feasibility study for our Sisson Project in News Brunswick in 2013 as
well as through to the successful conclusion of the environmental assessment process in 2017 and
into the mine design and permitting phase. We wish him well in all of his future endeavours."
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. The results of the Feasibility Study
completed in
January 2013
confirm that the Sisson Project is technically and economically feasible
and can move on to the next stage of development.
Additional information on Northcliff is available on the website at
www.northcliffresources.com
.
Marchand Snyman
Chairman
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
Follow-on 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.sedar.com
.
SOURCE
Northcliff Resources Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/June2020/19/c5348.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 07:45e 19-JUN-20