on Goldcliff Resource Corp. (isin : CA38076H2000)
Goldcliff Resource Corp. Concludes Private Placement Financing
Goldcliff Resource Corporation has announced the successful closure of its non-brokered private placement, generating gross proceeds of $148,750. The placement included 2,250,000 NFT Units and 1,400,000 flow-through shares. The capital raised will fund property payments, working capital, and exploration activities on projects in British Columbia.
Each NFT Unit comprises a common share and half a warrant, allowing the purchase of an additional share at $0.05 within 24 months. The flow-through shares qualify for Canadian exploration expenses under the Income Tax Act.
Insider George Sanders participated significantly, subscribing for both NFT Units and flow-through shares. His involvement represents a related party transaction compliant with MI 61-101 regulations. The private placement is pending final approval from the TSX Venture Exchange.
R. P.
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