Northwire Canada EditionSaturday, November 14, 2026
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Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1% Gold 3,886.30 +0.0% Silver 49.12 −1.9% Copper 6.09 −1.7% Oil 88.56 −0.2% Palladium 1,007.60 +1.6% PPTA 25.29 −0.6% AIR 0.050 −9.1% PMX 0.055 +0.0% CCMC 0.340 +0.0% PPM 0.095 +0.0% BMR 0.165 +0.0% S 0.175 +0.0% STGO 1.37 −2.8% GRDM 0.180 +0.0% CRI 0.015 +0.0% CN 0.120 +0.0% BTT 0.100 −13.0% AUXX 5.07 −2.9% CLV 0.120 + VUL 0.360 −5.3% LUNR 15.66 −3.1%
Financings

Goldcliff Closes Third Tranche of Private Placement

GCN · Price

Executive Summary

  • Goldcliff Resource Corp. closed the third tranche of its non‑brokered private placement, issuing 3 million flow‑through shares for gross proceeds of $210,000.
  • Proceeds are earmarked for drilling at Kettle Valley and trenching/drill site preparation at the Ainsworth silver project in British Columbia.
  • The company paid a finder's fee of $14,700 cash and issued 210,000 non‑transferable finder's warrants to Canaccord Genuity Corp.; remaining unsubscribed portions remain open until Dec 4 2025 pending TSXV acceptance.

Key Details

  • Placement Size: 3,000,000 flow‑through (FT) shares sold.
  • Gross Proceeds: $210,000.
  • Use of Proceeds:
  • Drilling at the Kettle Valley project.
  • Trenching and drill‑site preparation at the Ainsworth silver project.
  • All expenditures qualify as flow‑through mining expenses under the Canadian Income Tax Act and must be incurred by Dec 31 2026, with renunciation completed by Dec 31 2025.
  • Finder’s Compensation:
  • Cash fee: $14,700 paid to Canaccord Genuity Corp.
  • Warrants: 210,000 non‑transferable finder's warrants issued on the same terms as the placement warrants.
  • Remaining Offering: Unsubscribed portions remain open until December 4 2025.
  • Regulatory Condition: Closing subject to final acceptance by the TSX Venture Exchange (TSXV).

Notable Quotes

  • “The successful closing of this tranche provides us with essential capital to advance our exploration programs at Kettle Valley and Ainsworth, positioning Goldcliff for continued growth,” – George W. Sanders, President.
Read the original news release →

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