Todd Minerals Ltd.

May 28, 2015 20:40 ET

Todd Minerals Ltd. Announces Further Investment in Northcliff Resources Ltd.

WELLINGTON, NEW ZEALAND--(Marketwired - May 28, 2015) - Todd Minerals Ltd. ("Todd") announced today that its wholly-owned subsidiary, Todd Sisson (NZ) Limited ("Todd Holdco"), has entered into a subscription agreement with Northcliff Resources Ltd. (the "Company"), pursuant to which Todd Holdco will acquire 7,380,000 common shares of the Company. Todd Holdco currently owns 13,888,889 common shares of the Company, representing approximately 15% of the issued and outstanding shares. As a result of the acquisition of additional common shares, Todd Holdco will increase its interest in the Company to approximately 19.9% of the issued and outstanding common shares of the Company.

About Todd Minerals Ltd. and Todd Corporation

Todd is the subsidiary of Todd Corporation charged with the development of Todd Corporation's mineral and coal investments. Todd Corporation is family owned and is one of New Zealand's largest and most successful companies. The company has interests in oil and gas exploration and production, electricity generation, energy retailing, property development, healthcare and wine. Todd Minerals Ltd. is headquartered at The Todd Building, 95 Customhouse Quay, PO Box 3141, Wellington, New Zealand. Todd acquired the additional common shares in the Company for investment purposes and may or may not purchase or sell Northcliff securities in the future on the open market or in private transactions, depending on market conditions and other factors. A copy of the early warning report to be filed by Todd in connection with the investment will be available on Northcliff's profile on SEDAR at www.sedar.com. Alternatively, you may contact Mike Munro at +64 4 917 8852 in order to obtain a copy of the report.

Contact Information

  • Mike Munro, Group Manager Corporate Affairs
    The Todd Corporation Limited
    +64 4 917 8852