sur Goldcliff Resource Corp. (CVE:GCN)
Goldcliff Completes Second Tranche of Private Placement
Goldcliff Resource Corporation has finalized the second tranche of its previously announced non-brokered private placement. This new tranche involves the issuance of 1,000,000 flow-through shares, raising $70,000 in gross proceeds. These shares qualify as "flow-through" under Canada's Income Tax Act, providing tax incentives for the buyers.
The funds will support drilling at the Kettle Valley project and trenching at the Ainsworth silver project, both located in British Columbia. A finder's fee of $4,900 and 70,000 non-transferable warrants was paid to Canaccord Genuity Corp for their role in the placement.
The unsold portions of the placement remain available until December 4, 2025. The entire operation is pending final approval from the TSX Venture Exchange.
R. P.
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