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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Re: Issue of warrants

Noront Resources

almost 16 years ago

in response to Boatboy's message

In para 1 they would issue 1 warrant for every 6 shares you hold.

Sorry

correction

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 every 6 shares 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.