The Conversation (0)
Northcliff Resources Ltd. (TSX:NCF) announced its shareholders have unanimously approved its acquisition of the remaining 30% interest in the Sisson tungsten-molybdenum project from Geodex Minerals Ltd. (TSXV:GXM).
Northcliff Resources Ltd. (TSX:NCF) announced its shareholders have unanimously approved its acquisition of the remaining 30% interest in the Sisson tungsten-molybdenum project from Geodex Minerals Ltd. (TSXV:GXM).
As quoted in the press release:
As reported in the Company’s news release issued on April 18, 2012, Geodex agreed to sell its 30% interest in the Sisson Project in New Brunswick in consideration for 16,003,700 common shares of Northcliff, $1 million in cash and the return to Geodex for cancellation of 3,333,333 Geodex common shares that Northcliff purchased in 2010.
Geodex has recently announced that June 28, 2012 and July 4, 2012 have been established as the record and distribution dates, respectively, for the distribution of the 16,003,700 common shares of Northcliff to Geodex common shareholders.
Click here to read the Northcliff Resources Ltd. (TSX:NCF) press release.