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Bullboard - Stock Discussion Forum Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a Canada-based mineral resource company. The Company is primarily engaged in the acquisition and development of mineral properties. The Company holds an 88.5% economic interest in the Sisson Tungsten and Molybdenum Project (the Sisson Project), located in New Brunswick, Canada. The Sisson project is located on Crown land in central New Brunswick, approximately 100... see more

TSX:NCF - Post Discussion

Northcliff Resources Ltd > Were almost F@cked
View:
Post by GreenArrowUp on Jan 22, 2023 8:00am

Were almost F@cked

However, assuming a Company share price of $0.05 and the full draw of the C$5,200,000 under the 2022 Convertible Loan and the conversion of all principal and accrued interest to the currently scheduled maturity dates, Todd Holdco could receive an aggregate of 176,000,000 Company shares, resulting in Todd Holdco holding approximately 74.1% of the then issued and outstanding Company shares.
Comment by GreenArrowUp on Jan 22, 2023 8:32am
resulting in Todd Holdco holding approximately 74.1% of the then issued and outstanding Company shares.