Business
Northcliff Signs Process Agreement with Woodstock First Nation
Agreement Provides Framework for Cooperation Agreement Negotiations and Community Consulta...
About this update from Northcliff Resources Ltd.
[{"type":"text","content":"\n\n\nAgreement Provides Framework for Cooperation Agreement Negotiations and\n Community Consultation\n\n\nFREDERICTON, June 27, 2013 /CNW/ - Northcliff Resources Ltd. (\"Northcliff\" or the \"Company\") (TSX: NCF) is\n pleased to announce it has signed a Process Agreement (the \"Agreement\")\n with the Woodstock First Nation for the Sisson Tungsten-Molybdenum\n Project located in central New Brunswick. The Agreement provides a\n framework for Northcliff and the Woodstock First Nation to negotiate a\n Cooperation Agreement and to work together on community consultation\n efforts.\n\n\nWoodstock First Nation Chief Len Tomah, Jr. said, \"This is a first and\n important step for the Woodstock First Nation to take with the Company\n in assessing whether the proposed Sisson Project can provide\n sustainable opportunities for our community. There is a great deal that\n our membership needs to learn about with respect to both the potential\n impacts and benefits of this Project, and through this Process\n Agreement, we hope to become better informed about the Sisson Project.\"\n\n\nNorthcliff President & CEO Chris Zahovskis said, \"I would like to thank\n the Woodstock First Nation for their willingness to explore\n opportunities with us related to the development of the Sisson Project.\n We believe the proposed project has the potential to create long term\n benefits for New Brunswick First Nations and this agreement is a step\n in that direction. We have agreed to implement a community consultation\n process that is based on open dialogue and good faith. We have also\n agreed to implement a process to negotiate a long term Cooperation\n Agreement with the Woodstock First Nation. Northcliff is committed to\n meaningful consultation with First Nations and we look forward to\n establishing a long term partnership with the Woodstock First Nation.\"\n\n\nThe Process Agreement consists of the following key areas:\n\n\nCooperation Agreement Negotiations\n\n\nThe Process Agreement outlines the approach for the establishment of a\n Cooperation Agreement that would record the formal relationship and\n associated benefits negotiated between the two parties. A Cooperation\n Agreement, commonly referred to as an Impact and Benefits Agreement, is\n a long term agreement between a company and a First Nation setting out\n the obligations, respo...