Geodex Minerals Ltd.: Northcliff Finalizes Sisson Brook Tungsten-Molybdenum Project

Geodex Minerals Ltd. (TSXV:GXM) reports that Northcliff Exploration Ltd. has signed the Sisson Brook Joint Venture Agreement to acquire a 70% interest in the Company’s Sisson Brook tungsten-molybdenum project.

The press release is quoted as saying:

Northcliff, a private company controlled by Hunter Dickinson Inc. (“HDI”), has acquired a 70% interest in the Sisson Brook Project, subject to funding expenditures of up to $17 million. Northcliff’s expenditures include the completion of a $1 million private placement in Geodex at $0.30 per share, a 160% premium to the closing price on August 30th when the proposed transaction was first announced. The private placement will close within 5 business days. The funds will be used for general working capital purposes, excluding Sisson Brook.

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