Non-brokered deal sells 15,177,647 common shares at C$0.17 per share
By Devika Patel
Knoxville, Tenn., May 28 – Northcliff Resources Ltd. said it completed a C$2.58 million non-brokered private placement of stock.
The company sold 15,177,647 common shares at C$0.17 apiece. The price per share is a 13.33% premium to the May 27 closing share price of C$0.15.
Todd Corp. bought 7.38 million shares for $1,254,600.
Proceeds will be used for project expenditures at the Sisson Tungsten-Molybdenum Project and corporate costs.
The tungsten and molybdenum explorer is based in Fredericton, N.B.
| Issuer: | Northcliff Resources Ltd.
|
| Issue: | Common shares
|
| Amount: | C$2,580,200
|
| Shares: | 15,177,647
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Investor: | Todd Corp. (for $1,254,600)
|
| Settlement date: | May 28
|
| Stock symbol: | Toronto: NCF
|
| Stock price: | C$0.15 at close May 27
|
| Market capitalization: | C$13.69 million
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
