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Financings

Goldcliff Closes First Tranche of Private Placement and Finalizes Plans for Drill Site Preparation at Kettle Valley

By The Northwire Desk — AI Analysis Oct 30, 2025 · 16:39 GCN · 0.065 Goldcliff Resource Corporation
GCN · Price

Executive Summary

  • Goldcliff Resource Corp. closed the first tranche of its non‑brokered private placement, issuing 1,900,000 flow‑through shares for gross proceeds of $133,000.
  • Proceeds are earmarked for drilling at the Kettle Valley gold/silver project and trenching/drill‑site preparation at the Ainsworth silver project in British Columbia.
  • The company paid a finder's fee of $9,310 cash and issued 133,000 non‑transferable finder’s warrants to Ventum Financial Corp.; the placement remains subject to final TSXV acceptance.

Key Details

  • Placement Size: 1,900,000 flow‑through shares (FT Shares).
  • Gross Proceeds: $133,000 CAD.
  • Use of Proceeds:
  • Drilling at Kettle Valley gold/silver project.
  • Trenching and drill‑site preparation at Ainsworth silver project.
  • All expenses qualify as flow‑through mining expenditures under the Canadian Income Tax Act and must be incurred by 31 Dec 2026, with renunciation by 31 Dec 2025.
  • Finder’s Compensation:
  • Cash fee: $9,310 CAD paid to Ventum Financial Corp.
  • Finder’s warrants: 133,000 non‑transferable warrants issued on the same terms as the company’s existing warrants.
  • Regulatory Status: Placement pending final acceptance by the TSX Venture Exchange (TSXV).
  • Technical Review: Warner Gruenwald, P. Geo., a qualified person under NI 43‑101, approved the technical content of the release.
  • Drill Site Preparation Update: Contractor engagement is being finalized for constructing drill pads on the “Cliff” zone at Kettle Valley, targeting an area that previously returned 2.62 g/t Au and 181 g/t Ag from sub‑crop samples (Jan 5 2022 release).

Notable Quotes

  • “The proceeds from this financing will enable us to advance our high‑potential drill program at Kettle Valley and prepare the Ainsworth site for future exploration,” – George W. Sanders, President, Goldcliff Resource Corp.
Read the original news release →

More from Goldcliff Resource Corporation

Sep 14, 2026 · 13:20

Goldcliff targets the new East Breccia zone at Kettle Valley with short-hole drilling to expand known mineralisation.

Drill Results Sep 01, 2026 · 08:00

Goldcliff identified a new gold-silver breccia zone at its Kettle Valley project, with a drill program pending to further evaluate the discovery.

Drill Results Jun 18, 2026 · 08:00

Goldcliff’s trenching at Kettle Valley validates mineralization continuity, with drilling and capital expenditure remaining the primary catalysts for the project.

Drill Results May 13, 2026 · 08:30

Goldcliff Expands Surface Sampling at Kettle Valley as Drill Program Awaits Results

Production / Operations Apr 14, 2026 · 08:30

Goldcliff Extends Kettle Valley Tenure as Trenching Nears Results Phase

Production / Operations Apr 08, 2026 · 08:30

Free gold confirmed at Kettle Valley – a modest boost to Goldcliff’s metallurgical outlook

Drill Results