Northcliff Resources Ltd. (“Northcliff” or the “Company”) (TSX: NCF) announces that its Board of Directors has resolved to adopt a customary Shareholder Rights Plan Agreement (the “Rights Plan”). The Rights Plan is being adopted to help ensure the fair treatment of all Northcliff shareholders in connection with any take-over bid for the outstanding common shares of Northcliff. The Rights Plan will provide shareholders with additional time to properly evaluate and assess a take-over bid and gives the Board additional time to consider possible alternative transactions in order to maximize shareholder value.
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