Trading Symbol RCR: TSXV
TORONTO, Sept. 18, 2012 /CNW/ - Rockcliff Resources Inc. ("Rockcliff" or the "Company") (Tier 1TSXV: RCR) is pleased to announce that it has retained the services of Cor Capital Inc. effective September 1, 2012 to design and implement an investor relations program for the Company. It is intended that the program will involve the introduction of the Company to appropriate analysts, portfolio managers and the media with a view to achieving a high level of awareness of Rockcliff in the investment community and to broaden the shareholder base.
Cor Capital Inc. is an owner-managed firm based in Toronto. Focusing on direct communication and face to face meetings, it has assisted numerous organizations in improving relationships within the investment community. In consideration for the services to be provided, Rockcliff has agreed to pay Cor Capital Inc. from existing working capital a monthly fee of C$5,000 starting September 1, 2012. The initial term of the contract is 6 months and continues thereafter on a month-to-month basis until terminated by either party on 30 days prior notice. In addition, Rockcliff has granted to Cor Capital Inc., subject to regulatory approval, stock options to acquire 1,000,000 common shares at a price of C$0.10 per share. One-quarter (250,000) of the options will vest on each of December 17, 2012, March 17, 2013, June 17, 2013 and September 17, 2013. If the contract is terminated, all unvested options will be immediately cancelled and all vested options will be required to be exercised within 30 days of the effective termination date. Cor Capital Inc. holds no direct or indirect interest in Rockcliff or its securities other than the 1,000,000 stock options granted to it under the investor relations arrangement.
For more information please visit our website at www.rockcliffresources.com.
Rockcliff Resources Inc.
Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and advancement of its high-quality mineral properties at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project totalling in excess of 500 km2. The project includes one VMS copper rich NI43-101 Indicated Resource (Rail), one former copper rich VMS mine (Dickstone), one historic VMS copper deposit (Lon) and the T-1 Copper Deposit and T-2 Copper Zone (Tower). Rockcliff also controls a zinc-silver rich NI43-101 Indicated Resource (Shihan) and a portfolio of precious metal properties including one former gold mine (Century Mine) and one surface gold deposit (C-Zone) in Manitoba and the Black Gold Property in Ontario.
Forward Looking Statement:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various risks. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. Rockcliff undertakes no obligation to update such forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
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.
SOURCE: ROCKCLIFF RESOURCES INC.
For further information:
Rockcliff Resources Inc.
Ken Lapierre P.Geo.
President & CEO
(416) 863-9800 or (647) 678-3879