Northcliff Closes $3.9 Million Financing
NORTHCLIFF CLOSES $3.9 MILLION FINANCING
March 17, 2017 Vancouver, BC - Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) is pleased
to announce that further to the Company’s February 22, 2017 news release, it has completed the follow-on private
placement financing, issuing 35,491,129 common shares for gross proceeds of $3,904,024.
Todd Corporation has exercised it pre-emptive right to part icipate in the financing, purchasing 12,887,612 of the
issued common shares in the follow-on financing to mainta in its 36.3% interest in Northcliff. After closing of
this financing, the Todd Corporation now holds 61,429 ,228 common shares of the total 169,169,637 outstanding
shares of Northcliff.
The common shares issued are subject to applicable resale restrictions, including a four month hold period under
Canadian securities rules.
About Northcliff Resources Ltd.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the
Sisson Tungsten-Molybdenum Project located in New Br unswick, Canada, to production. The results of the
Feasibility Study completed in January 2013 confirmed that the Sisson Projec t is technically and economically
feasible and can move on to the next stage of development.
The Sisson Environmental Impact Assess ment Report (the “EIA Report”) was submitted to both the federal
Canadian Environmental Assessment Agency ("CEAA") and the New Brunswick Department of Environment and
Local Government in July 2013. The Company received pr ovincial EIA Report approval on December 3, 2015. A
federal decision from CEAA is pending. Permit applications for construction and operation will be finalized and
submitted following a positive federal decision.
Additional information on Northclif f 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.
Bryce Hamming
Chief Financial Officer
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.
No regulatory authority has approved or disapproved the contents of this news release.