Mr. Andrew Ing reports
NORTHCLIFF ANNOUNCES AMENDMENT TO LOAN FINANCING
Northcliff Resources Ltd. has entered into an amendment agreement with Todd Sisson (NZ) Ltd., a subsidiary of the Todd Corp., the company's largest shareholder, to amend its secured loan facility such that the maturity date shall be extended to June 17, 2026, and that an additional $3.45-million shall be made available by Todd thereunder, which has been received. All other material terms and conditions of the extended loan remain unchanged (see news releases dated Sept. 12, 2025, and March 13, 2026).
The loan is exempt from the formal valuation and disinterested shareholder approval requirements of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions pursuant to the de minimis exemption contained therein.
Todd currently holds 81.24 per cent of the issued and outstanding shares of Northcliff and an 11.5-per-cent interest in the Sisson Partnership. Northcliff owns an 88.5-per-cent interest in the Sisson Partnership, which owns the Sisson project.
About Northcliff Resources Ltd.
Northcliff is a mineral resource company focused on advancing the feasibility-stage Sisson tungsten-molybdenum project located in New Brunswick, Canada, to production.
We seek Safe Harbor.
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