Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) announces, further to its June 23, 2022, August 18, 2022, August 24, 2022 and September 14, 2022 news releases, that it has settled the second tranche of $500,000 plus accrued interest of the $1,000,000 2021 loan by issuing 23,655,914 shares to Todd Sisson (NZ) Limited ("Todd"), a subsidiary of the Todd Corporation, the Company’s largest shareholder.
Todd now holds 143,794,986 shares or a 56.23% interest in Northcliff.