VANCOUVER, June 24, 2011 /CNW/ - Northcliff Resources Ltd. (TSXV: NCF)
(the "Company" or "Northcliff") announces that it has retained Peter
Grandich as an investor relations consultant to the Company.
Mr. Grandich is the founder of Grandich.com and Grandich Publications,
LLC, and is editor of The Grandich Letter, which was first published in
1984. Mr. Grandich is based in New Jersey, USA and provides research,
analysis, and investor relations services for certain of the companies
featured in the articles appearing in his publications (each a
"Featured Company"). Featured Companies pay fees to Mr. Grandich that
include securities-based compensation.
Mr. Grandich will assist the Company with the development and
implementation of a public and investor relations and communications
program, and provide ongoing assistance to the Company regarding the
development and enhancement of the Company's public and market image.
Mr. Grandich has been engaged by the Company for a period of one year
commencing June 15, 2011 and will be paid a monthly retainer of US
$2,500. The Company will also issue Mr. Grandich a total of 75,000
stock options at an exercise price of CAD $1.00 per common share. The
options are exercisable for a period of 5 years, with one-third vesting
six months from date of grant, one-third vesting 12 months from date of
grant, and the final third vesting 18 months from date of grant.
President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
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 future investor relations
activities and events or developments that the Company expects, are
forward looking statements. The Company believes that the expectations
expressed in such forward looking statements are based on reasonable
assumptions, including assumptions that Mr. Grandich will be able to
complete certain investor relations services. Forward looking
statements however, are not guarantees of future performance and actual
results or developments may differ materially from those in forward
looking statements. Factors that could cause actual results to differ
materially from those in forward looking statements include market
prices, exploitation and exploration successes, continuity of
mineralization, uncertainty related to the ability to obtain necessary
permits, licenses and title, delays due to third party opposition,
changes in and the effect of 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 those actual results or
developments may differ materially from those projected in the forward
looking statements. For further information on the Company, investors
should review the Company's filings at www.sedar.com.
SOURCE Northcliff Resources Ltd.
For further information:
For further details on the Company, please visit www.northcliffresources.com or Investor Relations, at (604) 684-6365 or within North America at 1-800-667-2114.