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 and second 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 and second tranches of 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.
