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WELLINGTON, NEW ZEALAND--(Marketwired - Oct. 27, 2016) - 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 27,272,727 common shares of the Company ("Common Shares") at a purchase price per Common Share of $0.11, for an aggregate purchase price of $2,999,999.97. The 27,272,727 Common Shares Todd Holdco will acquire will represent approximately 20.3% of the issued and outstanding Common Shares. |
