Rockcliff Increases Non-Brokered Private Placement
TORONTO, ONTARIO--(Marketwired - Aug 11, 2016) - Rockcliff Copper Corp. ("Rockcliff" or the "Company") (TSX VENTURE:RCU) today announced that the Company's Offering for gross proceeds of $1,750,000 announced in its press release issued July 22, 2016 is over-subscribed and the Company is increasing the Offering to 28,571,429 units at a price of $0.07 per unit for gross proceeds of up to $2,000,000 (the "Offering"). The Offering is expected to close early next week.
About Rockcliff Copper Corporation
Rockcliff is a Canadian resource exploration company focused on discovery and resource expansion of its high-quality mineral properties at its Snow Lake Project in central Manitoba, totalling in excess of 35,000 hectares. The Project includes two (2) high grade VMS copper-gold rich NI 43-101 Resources (the Talbot Deposit and the Rail Deposit), one (1) historic high grade VMS copper deposit (the Lon Deposit), a net smelter return royalty on the Tower Property which hosts the high grade T-1 Copper Deposit, numerous properties with untested geophysical anomalies and several additional properties with VMS potential (Freebeth, Dickstone North and Tramping). Rockcliff also owns a zinc-silver rich NI 43-101 Resource (the Shihan Deposit) in Ontario and a royalty on two gold properties in Colombia, South America.
Rockcliff is well funded with approximately $1.5M currently in its treasury and no debt.
Cautionary Note Regarding Forward-Looking Statements: This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements.
All statements within, other than statements of historical fact, are to be considered forward looking. Although Rockcliff believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, exploration results, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by law.
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
Rockcliff Copper Corp.
Ken Lapierre, P.Geo
President & CEO
Cell: (647) 678-3879
klapierre@rockcliffcoppercorp.com
CHF Capital Markets
Cathy Hume
CEO
(416) 868-1079 ext.231
cathy@chfir.com