Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Issue of warrants

Noront Resources

almost 16 years ago

I have held a couple of stocks where instead of a PP they go through the process of issuing warrants to ALL shareholders based on their holdings. For example, if we need $20M they could issue one warrant for each share you hold (say 20M warrants at $1.00). The warrant would then allow you to buy a share at $1.00 up to a point in time and you can also trade the warrants. We could all average down without personal dilution. Usually the big boys then guaranty to buy any shares not taken up.

getting into the numbers,

130,000,000 shares O/S at say 1 for 6 would be 21,666,666 warrants and at $1 that would raise $21.666M. This money is paid into the Comapny coffers and there are no commission fees to buy in.

How many here would add 1/6th to their position for $1.00 per share? I like this approach because it is open to ALL shareholders and is designed to keep the playing field level. A PP will result in an imbalance in favour of our new leaders.

Anyone else been through this type of fundraising?