sur Goldcliff Resource Corp. (CVE:GCN)
Goldcliff Completes Final Tranche of LIFE Offering and Drilling at Kettle Valley
Goldcliff Resource Corporation has completed the second and final tranche of its non-brokered private placement. The total proceeds reached $173,500, with $73,500 raised from 2,450,000 non-flow through units and $100,000 from 2,000,000 flow-through shares. The funds will support general working capital and drilling at the Kettle Valley project in British Columbia.
An insider participated by acquiring 300,000 units. The company leveraged exemptions under MI 61-101 for this related party transaction. Additionally, Goldcliff paid a finder's fee and issued warrants to Canaccord Genuity Corp. for their role in the placement.
In parallel, Goldcliff reported the completion of drilling at Kettle Valley, with 11 holes drilled over 1,000 meters. The results await analysis. The project's geological characteristics continue to be of interest, as exploration progresses.
R. E.
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