From the MD&A dated August 28, 2007:
(note, if you have not read this document you should. It can be found by clicking "Hub Home on the left" and then "View Filings" on that page under "Financials". This document should be your best friend if you own even just a single share or Noront. They update and release it quarterly. The first part is a lot of history but all of the events subsequent to April 28 are listed near the bottom of the document.
LIQUIDITY AND CAPITAL RESOURCES
Noront reported working capital as at April 30, 2007 of $16,043,182 (April 30, 2006 – $2,565,353) and cash
& cash equivalents of $15,323,039 (April 30, 2006 – $1,551,082).
DISCLOSURE OF OUTSTANDING SHARE DATA
Noront shares trade on the TSX Venture Exchange under the symbol NOT. The Company is authorized to issue an unlimited number of common shares without par value. On August 27, 2007, there were
90,300,807 common shares issued and outstanding, 2,945,000 stock options outstanding with a weighted average exercise price of $0.44 expiring between 2008 and 2012, and 29,953,675 warrants outstanding with a weighted average exercise price of $0.69 expiring in 2007 and 2008.
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For more detailed information on the warrants, check out the audited annual financial statements dated August 28, 2007. It also has some good information on Noront's ownership of the different properties.
If you have not read these documents you should as after all is said and done, it is your money that is invested. Some investors do more research buying a $100 toaster oven than they do investing 1000s of dollars into a stock.
M1.
