FREDERICTON, March 18, 2014 /CNW/ - Northcliff Resources Ltd.
("Northcliff" or the "Company") (TSX: NCF) is pleased to announce that
Sisson Mines Ltd., as general partner of the Sisson Project Limited
Partnership (the "Limited Partnership"), has appointed Societe Generale
Corporate & Investment Banking ("Societe Generale") as its financial
advisor to assist with the development and execution of the overall
financing structure of the Sisson Tungsten-Molybdenum Project (the
"Sisson Project") located in central New Brunswick, Canada.
Mr. Bryce Hamming, Director of Sisson Mines, states "We are pleased to
be appointing Societe Generale, a leading international investment bank
with highly regarded expertise in the mining sector, to assist the
Limited Partnership in its financing of the Sisson Project."
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.
About Societe Generale
Societe Generale is a leading financial services provider with global
reach in the mining sector, providing financing, risk management and
advisory services within its natural resources and energy financing
Chris Zahovskis, President & CEO
Northcliff Resources Ltd.
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.
SOURCE: Northcliff Resources Ltd.
For further information:
Dan Gibbons, Investor Relations
Northcliff Resources Ltd.