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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

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.


OTCPK:NOSOF - Post by User

Bullboard Posts
Post by glorieuxon Mar 28, 2008 2:36pm
379 Views
Post# 14919023

Sprott added over 1M shares to their position

Sprott added over 1M shares to their positionMany paid bashers keep trying to convince people that NOT is a bad investment. However, following smart money is usually a good descision. In doing proper DD, consider these facts more than the bashings of paid bashers: REPORT UNDER PART 4 Of NATIONAL INSTRUMENT 62-103 1. Name and address of eligible institutional investor: Sprott Asset Management Inc. (the “Offeror”) 200 Bay Street, Suite 2700, P.O. Box 27 Royal Bank Plaza, South Tower Toronto, Ontario M5J 2J1 2. The net increase or decrease in the number or principal amount of securities, and in the eligible institutional investor’s securityholding percentage in the class of securities, since the last report filed by the eligible institutional investor under Part 4 or the early warning requirements: As at February 29, 2008, there is a net increase in the holdings of 1,392,200 Common shares (the “Common Shares”) and a net increase in the holdings of 250,000 Warrants (the “Warrants”) of Noront Resources Ltd. (the “Issuer”). Also, an increase in the aggregate number of currently issued and outstanding shares has resulted in a net increase of 1.3% in the Offeror’s securityholdings. 3. The designation and number or principal amount of securities and the eligible institutional investor's securityholding percentage in the class of securities at the end of the month for which the report is made: As at February 29, 2008, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 12,041,800 Common Shares and 250,000 Warrants of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer), the Offeror exercises control or direction over 10.3% of the issued and outstanding Common Shares. Glorieux-happy DD, today is a down day in the markets, a great day to accumulate. I added to my position today.
Bullboard Posts