Business
Northcliff shareholders unanimously approve acquisition of Geodex interest in the Sisson Project
VANCOUVER, June 4, 2012 /CNW/ - Northcliff Resources Ltd. ("Northcliff") (TSX: NCF) announc...
About this update from Northcliff Resources Ltd.
[{"type":"text","content":"\n\n\n\n\n\nVANCOUVER, June 4, 2012 /CNW/ - Northcliff Resources Ltd. (\"Northcliff\")\n (TSX: NCF) announces that its shareholders have unanimously approved\n its  acquisition (\"Acquisition\") of the remaining 30% interest in the\n Sisson tungsten-molybdenum project (\"Sisson Project\")from its joint venture partner, Geodex Minerals Ltd. (\"Geodex\") (TSX.V:\n GXM) at its Annual General Meeting held at the Company's offices on May\n 30, 2012.  A copy of the voting results has been filed at www.sedar.com.\n\n\nAs reported in the Company's news release issued on April 18, 2012,\n Geodex agreed to sell its 30% interest in the Sisson Project in New\n Brunswick in consideration for 16,003,700 common shares of Northcliff,\n $1 million in cash and the return to Geodex for cancellation of\n 3,333,333 Geodex common shares that Northcliff purchased in 2010.\n\n\nGeodex has recently announced that June 28, 2012 and July 4, 2012 have\n been established as the record and distribution dates, respectively,\n for the distribution of the 16,003,700 common shares of Northcliff to\n Geodex common shareholders.\n\n\nThe Acquisition remains subject to approval by special resolution of\n Geodex shareholders at Geodex's special shareholders' meeting scheduled\n for June 18, 2012. The Acquisition is also subject to final TSX and TSX\n Venture Exchange approval.\n\n\nThe incumbent Board of Directors of Northcliff was also re-elected.  In\n addition, Scott Cousens, Director of Capital Markets at Hunter\n Dickinson Inc., has been elected to the Board.\n\n\nAbout Northcliff\n\n\nNorthcliff is a mineral resource company associated with Hunter\n Dickinson Inc. (HDI), and focused on progressing the feasibility-stage\n Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to\n production.\n\n\nChristopher Zahovskis\nPresident & CEO\n\n\nNo regulatory authority accepts responsibility for the adequacy or\n accuracy of this release.\n\n\nThis release includes certain statements that may be deemed\n \"forward-looking statements\". All statements in this release, other\n than statements of historical facts that address completion of the\n Acquisition, permitting, exploration drilling, exploitation activities\n and events or developments that the company expects, are\n forward-looking statements. Although the Company believes the\...