Business
Northcliff begins trading on the Toronto Stock Exchange and appoints new independent director
VANCOUVER, Feb. 1, 2012 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (...
About this update from Northcliff Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, Feb. 1, 2012 /CNW/ - Northcliff Resources Ltd. (\"Northcliff\"\n or the \"Company\") (TSXV:NCF) announces that it will begin trading on\n the Toronto Stock Exchange (\"TSX\") on Thursday, February 2, 2012 under\n the symbol NCF.\n\n\nPresident & CEO Chris Zahovskis said: \"Northcliff has reached a number\n of key project milestones over the past year.  The Company went public\n in June 2011 and concurrently completed a significant financing of\n close to $28 million to ensure that the Sisson Project in New Brunswick\n can be advanced to a construction decision without necessitating\n additional development financing.  With the achievement of a TSX\n listing, we believe that the Company's international profile will be\n raised with strategic and institutional investors as we begin to\n prepare for permitting and project financing.\"\n\n\n\"We've also been very pleased with the progress of our technical\n programs at the Sisson Project. We have established experienced project\n and engineering teams, and are well launched on our program to deliver\n a Feasibility Study and submit the Environmental Impact Assessment by\n Q3 2012. Additionally, project permitting will be initiated in the\n latter part of 2012. The tungsten market also remains strong: tungsten\n prices have appreciated nearly 400% since 2005, outperforming even\n precious metals such as gold and silver over the same period,\"\n Zahovskis said. \"We believe the Sisson Project will become a\n significant new producer of tungsten for the North American and\n European markets with the potential to provide between 5 to 8% of the\n global tungsten supply.\"\n\n\nRobert A. Dickinson, Chairman of the Board, is also pleased to announce\n the appointment of Darcy Rezac as an Independent Director of\n Northcliff.  Mr. Dickinson said \"Darcy Rezac brings a great deal of\n leadership in economic and corporate development and has played key\n roles in the areas of community leadership, public policy and\n business-government and international trade relations. We welcome him\n to the Board.\"\n\n\nDarcy Rezac is the Managing Director of Ana Pacific Consulting and has\n served on numerous boards including the Vancouver International Airport\n (YVR), BC Bearing Engineers Ltd., Vancouver Board of Trade, and BC\n Trade Development Corporat...