Toronto, Ontario, March 29, 2016 – Rockcliff Copper Corporation (TSX.V: RCU) (“Rockcliff” or the “Company“) is a Canadian resource exploration company focused on discovery and resource growth of its high-quality mineral properties at the Snow Lake Project. Today, the Company announced it has engaged CHF Capital Markets, (“CHF”) a highly regarded Canadian firm headquartered in Toronto, as its investor relations partner.
Mr. Ken Lapierre, President & CEO of Rockcliff Copper Corporation, commented, “We are excited to retain CHF, as they have superior knowledge of the mining industry, as well as many decades of capital markets experience. This will be a true value-added partnership for Rockcliff.”
Effective immediately, the services agreement for certain capital markets and market-making activities is for a term of 12 months to March 31, 2017, subject to two months termination notice. Under the terms of the agreement, which is subject to approval of the TSX Venture Exchange (“TSXV”), CHF will receive $4,200 per month in fees. CHF has been granted 100,000 options exercisable at $0.10 per share valid for a term of five (5) years and subject to vesting as required by the TSXV. Upon termination of the services agreement, any unexercised options will be cancelled after 30 days, as required by the TSXV.
The market-making activity will be conducted using a registered broker in compliance with IIROC's Universal Market Integrity Rules & Policies (2010) and other relevant policies, so that trading orders in Rockcliff’s shares are made to manage share price volatility and imbalances of orders to improve trading liquidity on the exchange. The Company and CHF confirm that capital for the purposes of market-making has not and will not be provided from the Company's treasury. Prior to the grant of options outlined above, CHF had no direct or indirect interest in the Company or its securities.
About CHF Capital Markets
CHF's effective role is to act as the public company’s outsourced, low-cost equivalent to an internal investor relations department. CHF serves an international portfolio of TSX/TSX Venture and CSE listed companies, and others that may seek to list on North American Exchanges that operate in a broad range of industries including mining exploration and producers, oil & gas, renewable energy and industrial services, biotech, high-tech, business solutions and products. The depth of capital market experience at CHF is formidable dating back to the late 1970s.
About Rockcliff Copper Corporation
Rockcliff Copper Corporation is a Canadian resource exploration company focused on discovery and resource expansion on its high-quality mineral properties at its Snow Lake Project. On October 14, 2015, Rockcliff Copper Corporation changed its name from Solvista Gold Corporation (Solvista on June 18, 2015, merged with Canadian explorer Rockcliff Resources Inc.). Rockcliff Copper Corporation controls the Snow Lake Project in central Manitoba, totalling in excess of 35,000 hectares. The project includes two (2) VMS high grade copper rich National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“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 T-1 Copper Deposit, numerous properties with untested geophysical anomalies and several S:\106\106279-RCCSecurities\Press Release\20160329 Rockcliff_RetainsCHF.docx
additional properties with VMS potential (Freebeth, optioned to HudBay Minerals Inc., Dickstone North and Tramping). Additional interests are in a net smelter return royalty on 2 Colombia gold properties and a 100% interest in a zinc-silver rich NI 43-101 Resource (the Shihan Deposit) in Ontario.
Rockcliff is well funded with approximately $1.8M and has no debt.
Issued on behalf of the Board of Directors of Rockcliff Copper Corporation “Ken Lapierre”
For further information, please contact:
Rockcliff Copper Corporation
Ken Lapierre, P.Geo President & CEO
T: +1 416-644-1752 M: 647-678-3879
CHF Capital Markets
Cathy Hume, CEO
T: +1 416-868-1079 x231
Cautionary Note Regarding Forward-Looking Statements: This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe Rockcliff’s future plans, objectives or goals, including words to the effect that Rockcliff or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Rockcliff, Rockcliff provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, statements related to closing of the Disposition, Rockcliff’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Rockcliff’s public documents filed on SEDAR. Although Rockcliff has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in the forward-looking information, there may be other factors that cause actions, events, or results not to be as anticipated, estimated, or intended. There can be no assurance that forward-looking information will prove to be accurate. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Rockcliff’s plans, objectives, and goals and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. Rockcliff does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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.