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Jonot21on Dec 22, 2021 7:29pm
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BHP and Noront terminate support agreement
BHP and Noront terminate support agreement BHP and Noront terminate support agreement
https://www.bhp.com/news/media-centre/releases/2021/12/bhp-and-noront-terminate-support-agreement
23 December 2021
Melbourne, Victoria – December 23, 2021 – BHP Lonsdale Investments Pty Ltd (BHP Lonsdale), a wholly owned subsidiary of BHP, announced today the termination of the support agreement between BHP Lonsdale, its subsidiary BHP Western Mining Resources International Pty Ltd (BHP WMR) and Noront Resources Ltd. (TSXV: NOT) (Noront) dated July 26, 2021, as amended (the “Support Agreement”) relating to Noront’s support of BHP Lonsdale’s C$0.75 per share offer to acquire Noront. In accordance with the terms of the Support Agreement, Noront has made a C$17.78 million termination payment to BHP WMR.