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White Cliff appoints Somerley Ltd as financial advisors
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Tuesday, 07 Feb 2012
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Western Australian based exploration company White Cliff Minerals Limited has announced the appointment of Somerley Limited as exclusive investment and financial advisors for the Greater China Region.

Somerley is a specialist financial services company based in Hong Kong with offices in Shanghai and Beijing that has extensive investment and financial expertise in the financial markets in Hong Kong and China. Recent activity includes several transactions in the resources sector.

White Cliff Minerals has appointed Somerley to introduce potential strategic partners for White Cliff Minerals from the Greater China Region. Somerley will seek opportunities for White Cliff Minerals in the Greater China Region in relation to equity funding, corporate mergers and acquisitions and project funding for the Company’s individual nickel projects.

In particular, the company believes Somerley's experience in China and together with its Hong Kong and Chinese client base has potential to create shareholder value for White Cliff Minerals by engaging it with strategic Chinese based investors and equity partners.

As part of Somerley's initial mandate fee consideration White Cliff Minerals has today issued Somerley 153,644 ordinary White Cliff Minerals ordinary shares. An Appendix 3B for this issue is attached.




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