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Noront Resources Ltd. NOSOF

Metals & Mining Industrial Metals & Minerals
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

Noront Resources Ltd. > Why did RCF sell?
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Comment by lou64on Sep 25, 2021 11:42am
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Post# 33919142

RE:RE:RE:RE:Why did RCF sell?

RE:RE:RE:RE:Why did RCF sell? Read what is posted before making comments !!

Under the terms of its agreements with RCF, Wyloo Metals will purchase the 94,553,126 Noront common shares for an aggregate purchase price of US$11.5 million (C$14.8 million, or C$0.16 per share) and will purchase the convertible loan for US$15.0 million (which is the principal amount of the loan).
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