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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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Bullboard - Stock Discussion Forum Northcliff Resources Ltd T.NCF

Alternate Symbol(s):  NCFFF

Metals & Mining Industrial Metals & Minerals
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... see more

TSX:NCF - Post Discussion

Northcliff Resources Ltd > 400,000 $ loan. From the partner...
View:
Post by Rakoto on Mar 02, 2021 4:53pm

400,000 $ loan. From the partner...

https://stockhouse.com/news/press-releases/2021/03/02/northcliff-announces-loan-financing
Comment by ceetong on Mar 03, 2021 9:09am
Yeah, how great that is (NOT)! Todd will get a 25% rebate once the loan is converted into shares. Also, it bears interest of 10%, that's insane nowadays IMO. Normally, conditions like this are forced upon companies by lenders of last resort.
Comment by stockpunter on Mar 03, 2021 11:47am
Agreed.  The only positives about these loans are: 1) Todd has not wiped Sisson off their boots yet and 2) if by, some miracle, NCF arranges financing, then they can easily repay the loans and there will be no stock dilution. I don't think 10% interest is unreasonable- there is a good chance the loan will be money down the hole.
Comment by Flinders8 on Mar 18, 2021 9:13pm
I would suggest that shareholders of NCF take a good look at FMS on the stock market forum Hotcopper in regards to Todd Corp.  
Northcliff Resources Ltd