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: non-dilutive $15 million financing

Noront Resources

over 11 years ago

in response to Stratopod's message

Ken

Paul Semple is verified as a man of his word: this action is the LEAST dilutive of many funding option sources that could have been utilized.

The interest/share payment due dates are also supportive of all the forthcoming milestone dates in the published FS mine build plan; and could give great confidence to governments considering infastructure funding participation as well as the best least cost (EW) FN supported transportation route for a go-it-alone mine build implimentation. Chromite comes later with the railroad.

My opinion only. Peter