Northcliff Resources Announces Extension Of Loan Financing Maturity

2021-12-20 05:53:40

VANCOUVER, BC, Dec. 20, 2021 /CNW/ – Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) announces that it has entered into an amendment agreement with Todd Sisson (NZ) Limited (“Todd”), a subsidiary of the Todd Corporation, the Company’s largest shareholder, to extend the maturity of the initial tranche ($400,000) of the February 26, 2021 loan facility ($800,000) to March 19, 2022 (“Extended Loan”). All other material terms and conditions of the Extended Loan remain unchanged (see news release dated October 14, 2020).

The Extended Loan term has been approved by the TSX.

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.

On behalf of the Board of Directors
Andrew Ing
Interim CEO

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 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.

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