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Noront Resources Ltd. 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

Post by greasemonkieson Aug 07, 2021 8:31am
179 Views
Post# 33668049

Franco-Nevada loan

Franco-Nevada loan

Trying to find how this loan agreement with Franco-Nevada play's out when BHP offer is accepted.
A) who pays the outstanding loan of $25000000.00 x 7% per annum for 5 years =approximately $35000000.00?

B) is there a penalty for closing loan prior to maturity date?

Does this automatically come out of agreed buyout $ offered from BHP, or does BHP assume all debt in the buyout agreement?

GLTA NOT LONG-STANDING INVESTORS 
 

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