Rockcliff Resources Inc.

Rockcliff Resources Inc.

January 23, 2015 20:20 ET

Rockcliff Announces Closing of Financing

TORONTO, ONTARIO--(Marketwired - Jan. 23, 2015) - Rockcliff Resources Inc. ("Rockcliff" or the "Company") (TSX VENTURE:RCR) is pleased to announce that further to its Press Release dated December 31, 2014, it has closed the final tranche of its private placement (the "Offering") with the issuance of 366,667 working capital units ("WC Units") for proceeds of $18,333.35. The Company issued an aggregate of 4,550,667 WC Units for total proceeds of $227,533.35 and 2,608,334 flow-through units ("FT Units") for gross proceeds of $156,500.02 for a total of $384,033.37. The Company paid finder's fees in the aggregate of $7,280 cash and issued a total of 160,000 Compensation Options in respect of the sale of FT Units and WC Units.

All securities issued under this tranche are subject to a hold period expiring on May 24, 2015.

Rockcliff Resources Inc.

Rockcliff Resources Inc. is a Canadian resource exploration company focused on discovery and resource growth of its high-quality mineral properties at its Snow Lake Project. Rockcliff presently controls the Snow Lake Project in central Manitoba, totalling in excess of 400 km2. The project includes two (2) VMS high grade copper rich NI 43-101 Resources (T-1, Rail), two (2) historic high grade VMS copper deposits (Lon and Talbot), the T-2 Copper Zone (Tower), numerous untested geophysical anomalies and several additional properties with VMS potential (Freebeth, Dickstone North). Rockcliff also owns a zinc-silver rich NI 43-101 Resource (Shihan) 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.

Contact Information

  • Rockcliff Resources Inc.
    Ken Lapierre, P.Geo.
    President & CEO
    tel: (416) 644-1752 cell: (647) 678-3879

    Rockcliff's New Address:
    520-141 Adelaide St. W.
    Toronto, ON M5H 3L5