Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) is pleased to announce that it has entered into a Subscription Agreement (the “Agreement”) with a subsidiary of Todd Corporation (“Todd”), pursuant to which Todd has agreed to complete a non-brokered private placement (the “Private Placement”) under which it will purchase 27.2 million common shares in the capital of the Company (“Common Shares”) at a price of $0.11 per Common Share for gross proceeds to the Company at $3 million.
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