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Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Northcliff Resources Ltd. is a mineral resource company focused on advancing the feasibility-stage Sisson Tungsten-Molybdenum Project located in New Brunswick, Canada, to production. The Company holds an approximately 88.5% controlling interest in and is the operator of the advanced-stage Sisson Tungsten-Molybdenum Project in New Brunswick. The Sisson Project has approximately 14,140 hectares. The Sisson Project has the potential to become a near-term critical metal producer, providing new primary supply of tungsten and molybdenum to North American, European and Asian markets. The Sisson Project is based on a large, structurally controlled, intrusion-related tungsten-molybdenum deposit amenable to open pit mining.


TSX:NCF - Post by User

Post by GreenArrowUpon Jan 22, 2023 8:00am
220 Views
Post# 35238302

Were almost F@cked

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.
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