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Bullboard - Stock Discussion Forum 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... see more

OTCPK:NOSOF - Post Discussion

Noront Resources Ltd. > Jan 31 (Reuters) - Noront Resources Ltd:
View:
Post by surveyor2582 on Feb 01, 2019 7:14am

Jan 31 (Reuters) - Noront Resources Ltd:

BRIEF-Noront Extends Debt Arrangement With Resource Capital Funds And Issues Interest Shares

* NORONT EXTENDS DEBT ARRANGEMENT WITH RESOURCE CAPITAL FUNDS AND ISSUES INTEREST SHARES

* NORONT RESOURCES - ENTERED INTO FIFTH AMENDING AGREEMENT DATED JANUARY 31, 2019 TO EXTEND TERM OF ITS EXISTING US$15 MILLION CONVERTIBLE DEBENTURE

* NORONT RESOURCES LTD - AMENDMENT INCLUDES A PROVISION WHEREBY COMPANY WILL REQUIRE RCF APPROVAL TO ISSUE EQUITY BELOW $0.306 PER SHARE Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

Comment by LandonCSK on Feb 01, 2019 8:50am
This is what I was hoping for, no call in on the loan and an extension.  Now to wait for the news release that Mr. Rickford promised was on the way.  It seems as though everything is falling into place!
Comment by greasemonkies on Feb 01, 2019 10:04am
Not everything is the same and you were waiting for this extension? It’s the 3rd or 4th one now and gives Noront 9 months to make it work and RCF controls if they can raise money below 30.6 cents? The amendment includes a provision whereby the Company will require RCF approval to issue equity below $0.306 per share.
Comment by greasemonkies on Feb 01, 2019 10:38am
Looks like RCF wants to keep an #EaglesEye on out of control spending on advertising and wages. 
Comment by wheelsonthebuss on Feb 01, 2019 12:31pm
also looks like the share price held down during the deal making with RCF - Interest Shares issued was based on the volume weighted average trading price of the Common Shares during the 20 trading days prior to December 31, 2018. We should start to see a nice demand/want share price heading upwards now .... GO NOT GO !-))
Comment by scanner18 on Feb 01, 2019 12:34pm
sp currently trading in the twenties..great....looking like more and more like a bre-ex...it was scam and a bust
Comment by avelino77 on Feb 02, 2019 8:33pm
As I've been saying . Stop everything  and wait for Government decision or managment will sowly waste $ for themselves and lose everything for the shareholder. VERY GREEDY and SHORT SIGHTED. There is nothing more to prove....it's all been discovered PLEASE STOP!!!!!
Comment by avelino77 on Feb 02, 2019 8:45pm
this isn't going to end well
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