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.