GREY:RNKLF - Post by User
Post by
Realistic11on Feb 21, 2019 7:02pm
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Post# 29397120
This May Have Nothing To Do With The Share Price of Rnx
This May Have Nothing To Do With The Share Price of Rnxtoday, but it does not bode well for the foresight of the management team... Hudbay announced today a 124m dollar commitment to double the gold production in the Snow Lake area. On February 12th, RNX turned over their rights to RCLF for 14 properties in the Snow Lake area for 2.25m common shares of RCLF, worth a paltry 270k. Should be quite interesting when the halt on RCLF is lifted. As I'm sure to be called out on this, the NR and URL is included below. (No bash or pump, just a few more facts) TORONTO, ON / ACCESSWIRE / February 12, 2019 / Rockcliff Metals Corporation ("Rockcliff" or the "Company") (TSX.V: RCLF) (FRANKFURT: RO0, WKN: A2H60G) is pleased to announce the signing of the formal Purchase Agreement with RNC Minerals (TSX: RNX) ("RNC") to acquire fourteen properties (the "Acquisitions") located in Snow Lake, Manitoba. The Acquisitions from RNC's wholly-owned subsidiary, VMS Ventures Inc., call for the issuance of 2,250,000 common shares of Rockcliff to RNC. Red Cloud Klondike Strike Inc. acted as financial advisor to Rockcliff. Rockcliff has the largest junior property portfolio in the Flin Flon-Snow Lake greenstone belt ("Belt") which is the largest Paleoproterozoic VMS district (copper, gold, zinc, silver) in the world and also contains gold mines and deposits. https://www.winnipegfreepress.com/business/hudbay-doubling-gold-production-in-snow-lake-506131662.html