Goldcliff Resource Corp. Completes First Tranche of Private Placement

Goldcliff Resource Corporation has announced the completion of the first tranche of its non-brokered private placement, involving 2,000,000 flow-through shares for proceeds of $100,000. These shares are considered "flow-through" under Canadian tax laws, making them attractive for investors looking for tax-efficient investments in mining exploration.

The funds raised will be directed towards exploration activities at the Kettle Valley project in British Columbia. Importantly, one insider subscribed to half of the shares, making this a related party transaction under existing regulations.

In return, a finder's fee of $3,500 and 70,000 warrants was paid to Ventum Financial Corp. The issuance remains subject to final approval by the TSX Venture Exchange.