RE:loan repaymentstockpunter wrote: The company has until March 16th ( 8 business days) to come up with cash to repay the loan, or to announce news that would boost SP. Alternatively, we get substantial dilution or loss of Sisson ownership.
Which or what part of the loan are they talking about? It seems the extension applies to the $400,000 portion of the orginal back in 2020 ?????///
December 20, 2021 Vancouver, BC - 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 extend the maturity of the initial tranche ($400,000) of the February 26, 2021 loan facility ($800,000) to March 19, 2022 (“Extended Loan”). All other material terms and conditions of the Extended Loan remain unchanged (see news release dated October 14, 2020).