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Bullboard - Stock Discussion Forum 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... see more

OTCPK:NOSOF - Post Discussion

Noront Resources Ltd. > Franco-Nevada loan
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Post by greasemonkies on Aug 07, 2021 8:31am

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

Comment by greasemonkies on Aug 07, 2021 8:45am
Does Franco-Nevada take a all share payoff at lower price, and sell shares to BHP and keep their 1% Royalty on Eagle’s nest?
Noront Resources Ltd.
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