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Goldcliff Resource Corporation

GCN.V

Latest Trade

0.12CAD

Change

-0.02(-11.54%)

Volume

55,000

Today's Range

0.11

 - 

0.13

52 Week Range

0.05

 - 

0.17

As of on the TSX Venture Exchange ∙ Minimum 15 minute delay

Latest Developments

Lincoln Mining and Goldcliff Resource form joint venture

Lincoln Mining Corp <LMG.V> : Lincoln Mining and Goldcliff Resource sign letter of intent for a joint venture at Pine Grove, Nevada . Lincoln Mining Corp says Goldcliff and Lincoln plan immediate resumption of permitting activities . Says Goldcliff will earn a 40% JV interest in Lincoln's Pine Grove Nevada project over three years . Says Lincoln will serve as operator of project, subject to direction of a management committee .Says management committee will comprise one member each nominated by Lincoln and by Goldcliff.

Goldcliff Resource Corporation Completes $100,000 Private Placement-Canada Stockwatch News

Canada Stockwatch News reported that Goldcliff Resource Corp. has closed the non-brokered private placement of 2,000,000 units at a price of $0.05 per unit for gross proceeds of $100,000. Each unit will comprise one common share and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at a price of $0.10 per share for a period of one year from the date of closing. The proceeds of the private placement transaction will be used for general working capital.

49 North Resources Inc. Acquires Interest In Goldcliff Resource Corporation

49 North Resources Inc. announced that in connection with the closing of a private placement offering by Goldcliff Resource Corporation. (Goldcliff) on July 16, 2010 it acquired ownership of 2,500,000 common shares of Goldcliff (representing 3.38% of Goldcliff's outstanding common shares) and 1,250,000 warrants, each exercisable into a common share of Goldcliff for $0.20 per share (representing 3.76% of Goldcliff's outstanding warrants). Prior to the closing of the private placement, FNR owned 6,690,000 common shares of Goldcliff and 1,750,000 warrants, each exercisable into a common share of Goldcliff for $0.15 per share. Upon closing of the private placement, 49 North Resources will own 9,190,000 common shares (representing 12.42% of Goldcliff's outstanding common shares) and warrants exercisable into 3,000,000 common shares (representing 9.03% of the outstanding warrants). In connection with the subscription for securities, 49 North Resources and Goldcliff entered into a subscription agreement providing for the issuance of 2,500,000 units for $0.10 per unit, each unit comprised of one common share and 1/2 share purchase warrant. 49 North Resources acquired the securities in the private placement for investment purposes.

Goldcliff Resource Corporation Arranges Financing

Goldcliff Resource Corporation announced that it has arranged a Non Brokered Private Placement of 3,120,000 Units at a price of $0.10 per Unit for gross proceeds of $312,000. Each Unit will be comprised of one common share and one half common share purchase warrant. Each full warrant will entitle the holder to purchase one additional common share at a price of $0.20 per share for a period of one year from the date of closing. Proceeds will be applied to general working capital. There will be a 7% cash Finders' Fee payable on a portion of the placement.

Goldcliff Resource Corporation Closes $750,000 Financing

Goldcliff Resource Corporation announced that it has closed a non brokered private placement of 4,000,000 units at a price of $0.10 per unit for gross proceeds of $400,000. Each unit consists of one common share and one half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.15 per share for a period of 24 months from the date of closing. The Company has also closed a non brokered private placement of 3,500,000 flow through units at a price of $0.10 per flow through unit for gross proceeds of $350,000. Each flow through unit consists of one flow through share and one half common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share at a price of $0.15 per share for a period of 24 months from the date of closing. Proceeds from these placements will be applied to exploration of the Company's 100% owned Panorama Ridge and Ainsworth properties, and to working capital. All shares issued and any shares issued by way of warrant exercise are subject to four month resale restrictions.

Goldcliff Resource Corporation Announces Flow-Through Financing

Goldcliff Resource Corporation announced that it has arranged for a non brokered private placement of up to 4,000,000 flow-through units at a price of $0.15 per unit for gross proceeds of $600,000. Each unit will consist of one flow-through share and one-half non-flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.20 per share for a period of one year from the time of closing. All flow-through shares and shares purchased by way of warrant exercise will be subject to a four month resale restriction. The proceeds from the flow-through unit offering are for exploration on the Panorama Ridge, Ainsworth and Tulameen projects in British Columbia.

Goldcliff Resource Corporation Closes Second Financing

Goldcliff Resource Corporation announced that it has closed the second tranche of a non-brokered private placement of 80,000 units at a price of 28 cents per unit for gross proceeds of $22,400. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at a price of 55 cents for a period of one year from closing. The shares and shares purchased by way of warrant exercise are subject to a resale restriction until October 17, 2008. A cash Finders' Fee of 6% is payable to Raymond James Ltd.

Goldcliff Resource Corporation Financing Close

Goldcliff Resource Corporation announced that the Company has closed a non-brokered private placement of 2,700,000 flow-through units at a price of $0.30 per unit for gross proceeds of $810,000. Each unit consists of one flow-through share and one-half of a non-flow-through share purchase warrant. Each whole warrant entitles the holder to purchase an addition common share at a price of $0.55 for a period of one year from closing. All flow-through shares and shares purchased by way of warrant exercise are subject to a four-month resale restriction. Goldcliff has also closed the first tranche of a non brokered private placement of 357,000 Units at a price of $0.28 per Unit for gross proceeds of $99,960. Each Unit consists of one common share and one-half of a common share purchase warrant. Each whole warrant entitles the holder to purchase an addition common share at a price of $0.55 for a period of one year from closing. Subscribers for the Flow Through offering are MineralFields Group and 49 North 2008 Resource FTLP, which purchased 1,700,000 and 1,000,000 units, respectively.

Goldcliff Resource Corporation Announces Private Placements

Goldcliff Resource Corporation announced that the Company has arranged two non brokered private placements. One is for flow-through funds and the other is for non flow-through funds. The flow-through units are of up to 2,700,000 units at a price of $0.35 per unit. Each unit will consist of one flow-through share and one half of a non flow-through share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share at a price of $0.55 per common share for a period of one year from closing. All flow-through shares and shares purchased by way of warrant exercise are subject to a four month resale restriction.

Goldcliff Resource Corporation Acquires Large Platinum-Gold Land Position

Goldcliff Resource Corporation announced that it has acquired a large platinum-gold land position in the Princeton mining region in south-central British Columbia. The Tulameen claims are 100%-owned by the Company and consist of one contiguous block that totals 45,245 hectares (111,755 acres). Located in the historical Princeton mining region, the Goldcliff claim area is situated between the Tulameen platinum district and the Copper Mountain district. The Tulameen platinum district was an important historic producer of placer platinum (20,000 ounces) and the Copper Mountain district was a significant producer of copper and gold (168 million tonnes). The financial details of the transaction were not disclosed.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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