en.Wedoany.com Reported - Highcliff Metals Corp. (TSXV: HCM.H, OTC Pink: IMAHD) has announced a non-brokered private placement to issue up to 14,705,882 common shares at a price of US$0.085 per share, for total gross proceeds of up to US$1,250,000.

The securities issued under this offering will be subject to a resale restriction for a period of four months and one day from the date of issuance. The Company may pay fees in the form of cash and/or share purchase warrants to registered intermediaries.

The proceeds are planned to be used for general working capital purposes, repayment of corporate debts, and expenses related to the pursuit of new business opportunities.

Completion of the offering is subject to acceptance by the TSX Venture Exchange.

The Company currently holds no mineral assets, and its future objective is to identify and acquire a new business. The President of Highcliff Metals Corp. is John Theobald.

For further information, please contact Barry Girling at email: bgirling@highcliffmetals.com, phone: 778 772 9947.

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