Goldcliff Announces Unit and Flow Through Offerings and Grant of Options
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) has announced a non-brokered private placement to raise $240,000. The offering includes up to 4,000,000 non-flow-through units at $0.035 per unit and up to 2,000,000 flow-through shares at $0.05 per share. Proceeds will fund property payments, working capital, and exploration at the Ainsworth silver and Kettle Valley gold projects in British Columbia. The placement is expected to close around October 4, 2024, subject to regulatory approvals. Insiders may participate for up to 2,000,000 NFT Units and 1,500,000 FT Shares. Additionally, Goldcliff has granted 3,150,000 stock options to directors, officers, employees, and consultants at an exercise price of $0.05 per share.
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) ha annunciato un collocamento privato non brokerato per raccogliere 240.000 dollari. L'offerta include fino a 4.000.000 di unità non flusso libero a 0,035 dollari per unità e fino a 2.000.000 di azioni flusso libero a 0,05 dollari per azione. I proventi finanzieranno pagamenti per la proprietà, capitale circolante e esplorazioni nei progetti Ainsworth silver e Kettle Valley gold nella Columbia Britannica. Si prevede che il collocamento si chiuda intorno al 4 ottobre 2024, soggetto alle approvazioni regolamentari. I dirigenti possono partecipare per un massimo di 2.000.000 di unità NFT e 1.500.000 azioni FT. Inoltre, Goldcliff ha concesso 3.150.000 opzioni su azioni a dirigenti, funzionari, dipendenti e consulenti a un prezzo di esercizio di 0,05 dollari per azione.
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) ha anunciado un colocación privada no intermediada para recaudar 240,000 dólares. La oferta incluye hasta 4,000,000 de unidades no fluyentes a 0.035 dólares por unidad y hasta 2,000,000 de acciones fluyentes a 0.05 dólares por acción. Los ingresos se destinarán a pagos de propiedades, capital de trabajo y exploración en los proyectos de Ainsworth silver y Kettle Valley gold en Columbia Británica. Se espera que la colocación se cierre alrededor del 4 de octubre de 2024, sujeto a aprobaciones regulatorias. Los insiders pueden participar hasta 2,000,000 de unidades NFT y 1,500,000 de acciones FT. Además, Goldcliff ha otorgado 3,150,000 opciones sobre acciones a directores, funcionarios, empleados y consultores a un precio de ejercicio de 0.05 dólares por acción.
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF)은 중개인 없는 사모 배정을 통해 240,000달러를 모금한다고 발표했습니다. 이번 공모는 최대 4,000,000개의 비과세 유닛을 유닛당 0.035달러에, 최대 2,000,000개의 세금과세 주식을 주당 0.05달러에 포함하고 있습니다. 수익금은 자산 지급, 운영 자본 및 브리티시컬럼비아 지역의 Ainsworth silver 및 Kettle Valley gold 프로젝트 탐사를 위한 자금으로 사용될 것입니다. 이번 배정은 2024년 10월 4일 경에 마감될 것으로 예상되며, 규제 승인이 필요합니다. 내부자는 최대 2,000,000 NFT 유닛과 1,500,000 FT 주식에 참여할 수 있습니다. 추가로 Goldcliff는 이사, 임원, 직원 및 컨설턴트에게 주당 0.05달러의 행사 가격으로 3,150,000개의 주식 옵션을 부여했습니다.
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) a annoncé un placement privé non intermédiaire pour lever 240 000 $. L'offre comprend jusqu'à 4 000 000 d'unités non imposables à 0,035 $ l'unité et jusqu'à 2 000 000 d'actions imposables à 0,05 $ l'action. Les produits serviront à financer des paiements de propriété, du capital de fonctionnement et de l'exploration sur les projets Ainsworth silver et Kettle Valley gold en Colombie-Britannique. La clôture du placement est prévue autour du 4 octobre 2024, sous réserve des approbations réglementaires. Les initiés peuvent participer jusqu'à 2 000 000 d'unités NFT et 1 500 000 d'actions FT. De plus, Goldcliff a accordé 3 150 000 options sur actions à des directeurs, des dirigeants, des employés et des consultants à un prix d'exercice de 0,05 $ par action.
Goldcliff Resource (TSXV:GCN)(OTC PINK:GCFFF) hat eine nicht vermittelte Privatplatzierung angekündigt, um 240.000 US-Dollar zu sammeln. Das Angebot umfasst bis zu 4.000.000 Nicht-Flow-Through-Einheiten zu je 0,035 US-Dollar pro Einheit und bis zu 2.000.000 Flow-Through-Aktien zu je 0,05 US-Dollar pro Aktie. Die Erlöse werden zur Finanzierung von Grundstückszahlungen, Betriebskapital und Explorationen in den Projekten Ainsworth silver und Kettle Valley gold in British Columbia verwendet. Die Platzierung wird voraussichtlich am 4. Oktober 2024 abgeschlossen, vorbehaltlich der Genehmigung durch die Aufsichtsbehörden. Insidern ist es gestattet, bis zu 2.000.000 NFT-Einheiten und 1.500.000 FT-Aktien zu zeichnen. Darüber hinaus hat Goldcliff 3.150.000 Aktienoptionen an Direktoren, Führungskräfte, Mitarbeiter und Berater zu einem Ausübungspreis von 0,05 US-Dollar pro Aktie vergeben.
- Private placement to raise $240,000 for property payments and exploration
- Exploration planned for Ainsworth silver and Kettle Valley gold projects
- Potential insider participation in the private placement
- Grant of 3,150,000 stock options to directors, officers, employees, and consultants
- Potential dilution of existing shareholders due to new share issuance
- Reliance on successful completion of private placement for funding
VANCOUVER, BC / ACCESSWIRE / August 29, 2024 / George Sanders, President of Goldcliff Resource Corporation ("Goldcliff" or the "Company") (TSXV:GCN)(OTC PINK:GCFFF) is pleased to announce a proposed non-brokered private placement for aggregate gross proceeds of
The Private Placement will consist of the issuance of: (i) up to 4,000,000 non flow-through units (each, a "NFT Unit"), at a price of
Proceeds from the NFT Unit offering will be applied to property payments on Aurora West and Kettle Valley projects, and to general working capital.
Proceeds from the FT Share offering will be applied to exploration at the Ainsworth silver project as described in a news release dated August 7, 2024, and to further drill site preparation and sampling at Kettle Valley gold, as Canadian exploration expenses that will qualify as "flow-through mining expenditures" within the meaning of the Income Tax Act (Canada), and which will be incurred on or before December 31, 2025 and renounced with an effective date no later than December 31, 2024 to the initial purchasers of FT Shares. The two projects are located in British Columbia.
The Private Placement is anticipated to close on or about October 4, 2024 ("Closing"), or such later date as the Company may determine. The Closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange ("TSXV"). The securities issued in the Private Placement will be subject to a four-month hold period in accordance with applicable securities laws. Goldcliff advises that it anticipates insiders of the Company may participate in the Private Placement, and may subscribe for up to 2,000,000 NFT Units and up to 1,500,000 FT Shares, which subscriptions would be completed pursuant to available related party exemptions under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions.
At Closing, the Company will pay a cash finder's fee equal to
The securities being offered will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold within the United States absent registration or an exemption from the registration requirements. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States.
The Company also announces the grant of stock options to directors, officers, employees and consultants for the purchase of 3,150,000 common shares of the Company at an exercise price of
For further information, please contact George W. Sanders, President, at 250-764-8879, toll free at 1-866-769-4802 or email at info@directroyalty.com.
GOLDCLIFF RESOURCE CORPORATION
Per: "George W. Sanders"
George W. Sanders, President
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or the accuracy of this news release.
Forward-Looking Information: This news release includes certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. All such forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements in this news release include statements regarding, among others, the anticipated closing of the Private Placement, the anticipated size of the Private Placement, the receipt of approval from the TSX Venture Exchange, the participation of insiders, the expected use of proceeds from the Private Placement, certain expenses qualifying as flow though mining expenditures, and the expected timing for incurrence and renouncement of expenses. Although Goldcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration successes, and continued availability of capital and financing and general economic, market or business conditions. These forward-looking statements are based on a number of assumptions including, among other things, assumptions regarding general business and economic conditions, the timing and receipt of regulatory and governmental approvals, the ability of Goldcliff and other parties to satisfy stock exchange and other regulatory requirements in a timely manner, the availability of financing for Goldcliff's proposed transactions and programs on reasonable terms, and the ability of third party service providers to deliver services in a timely manner. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Goldcliff does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future or otherwise, except as required by applicable law.
SOURCE: Goldcliff Resource Corp.
View the original press release on accesswire.com
FAQ
What is the total amount Goldcliff Resource (GCFFF) aims to raise in its private placement?
How many non-flow-through units and flow-through shares is Goldcliff (GCFFF) offering in the private placement?
What projects will the proceeds from Goldcliff's (GCFFF) private placement fund?
When is the expected closing date for Goldcliff's (GCFFF) private placement?
How many stock options has Goldcliff (GCFFF) granted and at what price?
