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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23
in response to glorieux's message

The only positive I can find about this placement is that there are no warrants attached as a sweetener, which is very common in junior mining financing.

This will prevent future dumping of the placement shares in order to exercise warrants.

The fact that warrants aren't attached tells me that someone feels the deal is very sweet on it's own.

Also the finders fee is lower than usual, I believe. Someone could correct me on that.

That's all I can come up with.

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imaviking
City
Aylmer Quebec
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686
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01/19/2006
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Noront Resources
Symbol
NOT
Exchange
TSX-V
Shares
326,029,076 As of Jan 17, 2017
Industry
Metals & Minerals
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