Pinetree and SAM-M1
M1- found your posting on picks “PMM and WRY” interesting as the backers are the same as Noront.
“Sprott and Pinetree have been investing large into this company the past three months.” M1
Investment in Noront;
SAM, “As at December 31, 2006, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 6,000,000 common shares (the “Common Shares”)and 6,000,000 warrants (the “Warrants”) of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer) and assuming the exercise of the Warrants, the Offeror exercises control or direction over 13.3% of the issued and outstanding Common Shares.” 10 Jan 07.
Pinetree Capital, “Immediately following the acquisition noted in item 2 above, the Offeror, together with its joint actors, own an aggregate of 6,300,000 common shares of Noront and rights to acquire an additional 3,497,000 common shares of Noront upon the exercise of convertible securities, including the Warrants (collectively, the “Convertible Securities”). Of these totals, the Offeror holds 4,700,000 common shares and 2,375,000 warrants directly, including the Warrants. In the event that the Convertible Securities are fully exercised, the holdings of the Offeror and joint actors represent a total of 9,797,000
common shares of Noront, or approximately 10.8% of all issued and outstanding common shares as at December 20, 2006”
Cheers, Mark