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.)

Good luck Kevin with your future, sorry things did not work out better!

So does this mean we are trimming management to conserve cash?

Also the PP was not filled, very close but not filled, so for those that ridiculed the PP price of $0.80, this should be a wake up call as to the difficult environment we are in now. Management could not of priced this much better in hindsight. At a higher price, much less of the PP gets filled and we have egg in our face, cheaper than this, we get filled but for less money, so, give credit to the new BOD on this one, they picked a good PP price even though it sits so bad with many retail investors. The market has proven them right. Now lets use this money wisely!!!

The next news release should detail the current situation of our projects and we may finally have found our bottom. I believe tomorrow, we will see an upswing in our SP.

Glorieux

Noront Resources Ltd
Symbol NOT
Shares Issued 129,864,783
Close 2008-12-03 C$ 0.47
Recent Sedar Documents



Noront closes $18.87-million private placement



2008-12-04 18:24 ET - News Release

Mr. Paul Parisotto reports

NORONT CLOSES FINANCING

Noront Resources Ltd. has successfully closed its previously announced flow-through private placement financing. Gross proceeds of $18.87-million were raised through the issuance of 23,587,500 flow-through common shares at a price of 80 cents per share. This placement was effected on a non-brokered placement basis, with the hold periods in respect of such issuances expiring on March 29 and April 5, 2009. Finders' fees of $754,800 were paid to various arm's-length parties in respect of the offering.

The proceeds of this placement will be used for further exploration of Noront's McFaulds Lake projects.

Paul Parisotto, interim co-chief executive officer, stated: "It is a testament to the quality of Noront's assets that we have been able to complete this financing in these difficult market conditions."

In addition, Noront wishes to advise that Kevin Feeney, chief financial officer, has left Noront. Noront wishes Mr. Feeney well in his future endeavours and thanks him for his contributions to the company. Noront has begun the process of identifying a successor for this office.

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glorieux
City
Welland
Rank
President
Activity Points
44835
Rating
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Date Joined
10/23/2007
Social Links
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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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