OTCPK:NOSOF - Post by User
Post by
goodheart-ron May 01, 2021 8:09am
197 Views
Post# 33107867
20 cents a share
20 cents a shareREQUIRED DISCLOSURE UNDER THE EARLY WARNING REQUIREMENTS State if the report is filed to amend information disclosed in an earlier report. Indicate the date of the report that is being amended. This report amends information disclosed in an earlier report dated December 7, 2020. Item 1 - Security and Reporting Issuer 1.1 State the designation of securities to which this report relates and the name and address of the head office of the issuer of the securities. Common shares (“Noront Shares”), warrants to purchase Noront Shares (the “Noront Warrants”) and a loan convertible into Noront Shares (the “Noront Loan”) Noront Resources Ltd. (“Noront”) 212 King Street West, Suite 501 Toronto, Ontario M5H 1K5 1.2 State the name of the market in which the transaction or other occurrence that triggered the requirement to file this report took place. Private agreement Item 2 - Identity of the Acquiror 2.1 State the name and address of the acquiror. Wyloo Canada Holdings Pty Ltd. (“Wyloo Canada”), a wholly-owned subsidiary of Wyloo Metals Pty Ltd. Wyloo Canada’s registered office is located at 745 Thurlow Street, Suite 2400, Vancouver, British Columbia V6E 0C5. 2.2 State the date of the transaction or other occurrence that triggered the requirement to file this report and briefly describe the transaction or other occurrence. On April 16, 2021, Wyloo Canada acquired (i) 96,347,383 Noront Shares, (ii) warrants to acquire 1,774,644 Noront Shares and (iii) a US$15 million convertible loan, convertible into Noront Shares at a conversion price of Cdn$0.20 per share.