HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: upcoming Noront meetings
Reply New Message
Prev Message Back To Forum Threaded View Next Message

babjak1 wrote

 warrants are exercisable at $5 not $6.

TORONTO, ONTARIO, Mar 12, 2008 (MARKET WIRE via COMTEX News Network) --
Noront Resources Ltd. ("Noront") (TSX VENTURE: NOT) announces that
the 3,250,000 warrants exercisable at $5.00 per common share, which
formed part of the units subscribed for pursuant to the private
placement described in Noront's press release of February 7, 2008 are
now exercisable on or before 5:00 p.m. (Toronto time) on April 10,
2008 after which time they will expire.

 

 

Thanks, $5.00 makes sense, I was thinking these must be magic warrants to be exercised out of the money.

Also, Its not bullish for the warrants to be exercised if they are in the money.

JMO.

Ps. im in oakville to

 

1 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply