CLEVELAND, Sept. 8, 2015 /CNW/ -- Cliffs Natural Resources
Inc. (NYSE: CLF) ("Cliffs" or the "Company"), pursuant to
the requirements of Canadian securities laws, announced that
certain of its affiliated companies have entered into a sale and
purchase agreement, dated as of September 7,
2015 (the "Decar Agreement"), in respect of the Decar
property with First Point Minerals Corp. (FPX-TSX) ("First Point").
As part of the sale transaction, an affiliated company of Cliffs
intends to sell the common shares of First Point beneficially owned
by it to one or more purchasers that First Point has agreed to
identify pursuant to the terms of the Decar Agreement. Such
affiliate of Cliffs is currently the beneficial owner of 14,353,190
common shares in the capital of First Point, representing
approximately 13.6% of the issued and outstanding common shares.
Cliffs has no present intention of acquiring other securities of
First Point.
The Company's address is Cliffs Natural Resources Inc. 200
Public Square, Suite 3300, Cleveland,
OH 44114. A copy of the applicable early warning report can
be obtained once filed by contacting Paul
Finan, Manager, Investor Relations, at
paul.finan@cliffsnr.com or 216-694-6544. The report will also
be available under First Point's profile on SEDAR at
www.sedar.com.
About Cliffs Natural Resources Inc.
Cliffs Natural Resources Inc. is a leading mining and natural
resources company in the United
States. The Company is a major supplier of iron ore pellets
to the North American steel industry from its mines and pellet
plants located in Michigan and
Minnesota. Cliffs also operates an
iron ore mining complex in Western
Australia. Additionally, Cliffs produces low-volatile
metallurgical coal in the U.S. from its mines located in
Alabama and West Virginia.
Driven by the core values of safety, social, environmental and
capital stewardship, Cliffs' employees endeavor to provide all
stakeholders operating and financial transparency. News releases
and other information on the Company are available at
www.cliffsnaturalresources.com.
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SOURCE Cliffs Natural Resources Inc.