Todd Minerals Nominates New Director to Northcliff Board
FREDERICTON, March 28, 2014 /CNW/ - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that Mr. Jacob Roorda, P.Eng, MBA has been nominated by Todd Minerals Limited ("Todd") as its representative on Northcliff's board of directors, replacing Mr. Michael Wolley, Todd's previous board representative. Mr. Michael Wolley will continue to serve as Todd's board representative for Sisson Mines Ltd., the general partner of the Sisson Project Limited Partnership.
Mr. Roorda has over 30 years of experience in the oil and gas industry and is currently a Director for Petroshale Inc. and the Managing Director of Windward Capital Ltd., a private consulting practice focused on providing advisory services on oil and natural gas merger and acquisition, operations strategy and financial services. He was the former Vice Chairman for Canoe Financial Corp., the President and VP Corporate for Harvest Energy Trust, VP Corporate and Director for PrimeWest Energy, Inc., and a Managing Director of Research Capital Corporation.
Northcliff, associated with Hunter Dickinson Inc. (HDI), is a mineral resource company focused on advancing the Sisson Tungsten-Molybdenum Project, located in New Brunswick, Canada, to production. The results of the Feasibility Study, completed in January 2013, confirm that the Sisson Project is technically and economically feasible and can now move on to the next stage of development. For further details on Northcliff and the Sisson Tungsten-Molybdenum Project please visit Northcliff's website: www.northcliffresources.com.
President & CEO
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address permitting, exploration drilling, exploitation activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Assumptions used by the Company to develop forward-looking statements include the following: the Sisson Project will obtain all required environmental and other permits for construction of the mine, the Sisson Project will achieve targeted production levels; the Company's study and development of the Sisson Project will continue to be positive; contracted parties provide goods and/or services on the agreed timeframes; equipment necessary for construction and development is available and does not incur unforeseen breakdowns; no material labour slowdowns or strikes are incurred; plant and equipment functions as specified; geological or financial parameters do not necessitate future mine plan changes; and no geological or technical problems occur. Factors that could cause actual results to differ materially from those in forward-looking statements include uncertainty of shareholder support, the need for judicial and regulatory approvals, fluctuations in market prices, exploitation and exploration successes, continuity of mineralization, potential environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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Dan Gibbons, Investor Relations
Northcliff Resources Ltd.