13:09:22 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Goldcliff Resource Corp (2)
Symbol GCN
Shares Issued 9,850,051
Close 2016-08-24 C$ 0.20
Market Cap C$ 1,970,010
Recent Sedar Documents

ORIGINAL: Goldcliff president Sanders acquires shares, warrants

2016-08-25 13:39 ET - News Release

Received by email:

File: GWS Early Warning 2.pdf

                                 GEORGE W. SANDERS
                                    416 Collett Rd.,
                                     Kelowna, B.C.
                                       V1W 1K7

August 25, 2016

                      SHAREHOLDER EARLY WARNING FILING

In accordance with the requirements of Section 3.1 of National Instrument 62-103,
George Sanders, President of Goldcliff Resource Corporation, #400 789 W. Pender St.,
Vancouver, B.C. V6C 1H2 (the "Issuer") announces that on August 24, 2016 he acquired
1,200,000 common shares (the "Shares") and 600,000 share purchase warrants (the
Warrants) by way of non-brokered private placement. Mr. Sanders now owns or has
control of 2,084,000 Shares of the Issuer, or approximately 16.74% of the current issued
and outstanding Shares of the Issuer.

Mr. Sanders acquired the 1,200,000 Shares of the Issuer at a price of $0.19 per Share
pursuant to a non-brokered private placement. Immediately prior to the completion of the
acquisition, Mr. Sanders held 884,000 common shares representing approximately
8.97% of the issued and outstanding common shares of the Issuer. Prior to the completion
of the acquisition, Mr. Sanders also held 200,000 options to purchase common shares
and 100,000 share purchase warrants for the purchase of an additional 100,000 common
shares of the Issuer. Immediately after the completion of the acquisition, Mr. Sanders
held 2,084,000 common shares representing 16.74% of the issued and outstanding
common shares of the Issuer. Mr. Sanders also holds 200,000 options to purchase
common shares and 700,000 share purchase warrants for the purchase of an additional
700,000 common shares of the Issuer. Assuming the exercise of the options and share
purchase warrants, Mr. Sanders would own a total of 2,984,000 common shares of the
Issuer, or approximately 22.35% of the Issuer's then issued and outstanding share capital
assuming no other common shares of the Issuer are issued.

Mr. Sanders acquired the Shares for investment purposes and may acquire additional
securities or dispose of existing securities of the Issuer, in the market or privately, from
time to time as circumstances warrant. The securities of Mr. Sanders set out above are
held directly, and not through control of another entity. The Issuer trades on the TSX
Venture Exchange under the symbol "GCN"

A copy of the early warning report filed by Mr. Sanders in connection with this acquisition
is available on the SEDAR website at www.sedar.com or by contacting Mr. Sanders at
(250) 764-8879.

For further information, please contact George W. Sanders, President, at 250-764-8879,
toll free at 1-866-769-4802 or email at info@directroyalty.com.
 


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