Northcliff Announces Launch of New Sisson Project Website and Branding - "The Sisson Partnership"
July 31, 2014 Fredericton, New Brunswick - Northcliff Resources Ltd. ("Northcliff" or the "Company") (TSX: NCF) is pleased to announce it has launched a new project website and branding for the Sisson Project.
The Sisson Partnership, owned by Northcliff and Todd Minerals Ltd. ("Todd Minerals") is responsible for all aspects of the proposed Sisson Tungsten-Molybdenum Project in central New Brunswick. Northcliff holds a controlling interest in and is the operator of the Sisson Partnership.
The updated branding reflects both the partnership and the advancing nature of the Sisson Project, and positions the project for the next stage of development.
Northcliff CEO Christopher Zahovskis said, "We are proud to introduce a new brand and logo that represents the evolving nature of the Sisson Project. This new website and branding allows us to focus on providing up-to-date project related news and information about the Sisson Project. Our new branding and logo represent the partnership we have with Todd Minerals, and also the partnership we are developing with the people of New Brunswick. The Sisson Project is still being advanced by the same group of dedicated professionals and we remain committed to the responsible development of a strategic asset that will deliver significant benefits to New Brunswick."
Please visit our new project website at: www.sissonpartnership.com.
Information on Northcliff can be found at: www.northcliffresources.com.
About The Sisson Partnership
Northcliff and Todd Minerals entered into a limited partnership agreement under the name of the Sisson Project Limited Partnership (the "Limited Partnership") in which Todd Minerals acquired an initial 11.5% interest for an initial contribution of $14 million in the Sisson Project on a staged basis, of which $10 million has been invested so far. Todd Minerals also made an investment into Northcliff, and currently owns approximately 15% of the Company. In addition, Todd Minerals has the option to acquire an additional 10% interest in the Limited Partnership by investing $20 million upon a final investment decision to commence construction.
About Northcliff Resources Ltd.
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.
President & CEO
For more information:
Greg Davidson, Community Relations Manager
Dan Gibbons, Investor Relations