Noront Resources Ltd. V.NOT

Primary Symbol: NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > Why did RCF sell?

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Comment by lou64on Sep 26, 2021 8:12am

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Post# 33920431

RE:RE:RE:RE:RE:Why did RCF sell?

In retrospect if you look at BHP offer and take into account that Wyloo said they would not surrender their shares ???

Then there are approximately 348 million shares that are available ... BHP offered 325 million cad that would be 1.07 per those shares but the deal is for all shares

Then on the other side of investment coin ... Wyloo PROPOSAL is actually LESS money being forked out to buyout Noront

0.70 for shares not owned
14.8 million paid to RCF
now a 15 million usd loan being converted at today's exchange 18.99 million cad
approx
277.4 million grand total for Forest buyout

making Noront LESS valued