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.