Bongard helps Black Cliff buy 38% of own shares

Toronto-based Black Cliff Mines (TSE) and Toronto financier C. S. Bongard have signed an agreement to purchase all the outstanding Black Cliff shares currently held by Canhorn Mining (TSE) and Great Horn Inc. of New York.

These shares represent 38% of all issued and outstanding shares of Black Cliff which was listed on the Toronto Stock Exchange, Feb 14.

Bongard recently succeeded W.B. MacIsaac as Black Cliff chairman. He was also appointed to the Black Cliff board of directors recently.