WINNIPEG, May 9, 2019 /CNW/ - GiftPact Foundation Inc. ("GiftPact") is pleased to announce that, further to a series of transactions described in the management information circular of Rockcliff Metals Corporation ("Rockcliff") dated March 18, 2019, on May 7, 2019 it received 45,766,286 common shares of Rockcliff (the "Shares") as a donation in an off-market transaction pursuant to a gifting arrangement for nil consideration. The Shares represent approximately 14.9% of the current issued and outstanding common shares of Rockcliff.
On May 7, 2019, GiftPact disposed of all the donated Shares in order to apply the monetary proceeds to charitable activities. Following the disposition, GiftPact does not have direction or control over any Shares of Rockcliff, nor does GiftPact intend to acquire any securities of Rockcliff in the future for the purpose of exercising control or having direction over Rockcliff. All necessary regulatory filings were made with respect to the above.
GiftPact is a registered public foundation which facilitates and promotes philanthropy through the establishment of donor advised funds.
GiftPact's head office is located at 720 One Lombard Place, The Richardson Building, Winnipeg, Manitoba, R3B 0X3 and the head office of Rockcliff is located at 141 Adelaide St W #1660, Toronto, Ontario M5H 3L5.
SOURCE GiftPact Foundation Inc.
For further information: GiftPact Foundation Inc.: Murray Palay, President, Tel: (204) 944-8124 ext. 303, email@example.com