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: Wesley Hanson buying

Noront Resources

almost 14 years ago

in response to ron48's message

The pricing is based on the most recent private placement of flow-through shares.

11 - Acquisition carried out privately .... private placement (raising of money for company)

10 - Acquisition in the public market .... purchasing them directly from the market.

Buying flow-through shares at $1.25 after tax writeoff = to around .75 -.84 not 100%

you are buying higher so you can use as a tax writeoff, think it is 40% and money raised is used specifically for drilling for junior miners. This is an easier way for juniors to raise money for drilling because investors taking up the pp's get this tax benefit.

Sean