Goldcliff Announces Unit and Flow Through Offerings and Grant of Options

VANCOUVER, BC / ACCESSWIRE / August 29, 2024 — George Sanders, President of Goldcliff Resource Corporation (TSX.V:GCN) (OTC Pink:GCFFF) announced a proposed non-brokered private placement for gross proceeds of $240,000. The placement includes 4,000,000 non flow-through units at $0.035 per unit and 2,000,000 flow-through shares at $0.05 per share. Each flow-through share qualifies as a "flow-through share" per the Income Tax Act (Canada).

Proceeds from the non flow-through units will fund Aurora West and Kettle Valley projects and general working capital. Funds from the flow-through shares will be directed to the Ainsworth silver project and further exploration at Kettle Valley gold.

The placement will close around October 4, 2024, subject to regulatory conditions. Securities will have a four-month hold period. Insiders may participate, subscribing for up to 2,000,000 non flow-through units and 1,500,000 flow-through shares.

The company also granted stock options for 3,150,000 common shares at $0.05 per share, subject to TSX Venture Exchange approval.