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NORTHCLIFF ANNOUNCES AMENDMENT TO LOAN FINANCING
NORTHCLIFF ANNOUNCES AMENDMENT TO LOAN FINANCING Canada NewsWire VANCOUVER, BC , ...
About this update from Northcliff Resources Ltd.
[{"type":"text","content":"\n\n\nNORTHCLIFF ANNOUNCES AMENDMENT TO LOAN FINANCING\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nVANCOUVER, BC, May 8, 2026 /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 amend its secured loan facility (the \"Loan Facility\") such that the maturity date shall be extended to June 17, 2026 (the \"Extended Term\") and that an additional $3,450,000 shall be made available by Todd thereunder (the \"Amended Amount\", and collectively, the \"Amendments\"), which has been received. All other material terms and conditions of the Extended Loan remain unchanged (see news releases dated September 12, 2025 and March 13, 2026). \nThe Loan is exempt from the formal valuation and disinterested shareholder approval requirements of MI 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") pursuant to the de minimis exemption contained therein.Todd currently holds 81.24% of the issued and outstanding shares of Northcliff and an 11.5% interest in the Sisson Partnership. Northcliff owns an 88.5% interest in the Sisson Partnership, which owns the Sisson Project.About Northcliff Resources Ltd.Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production.  Additional information on Northcliff is available on the website at www.northcliffresources.com.  Investor services can be reached at (604) 684-6365 or within North America at 1-800-667-2114.On behalf of the Board of DirectorsAndrew IngPresident & Chief Executive OfficerThis 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 t...