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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)

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Message: Re: news Noront Resources 13.58-million-share private placement

Re: news Noront Resources 13.58-million-share private placement

posted on Jan 14, 2009 11:58AM

Cos, nice catch, wonder what happened to the other 10 million shares that were announced on Dec 04 news?

TORONTO, Dec. 4 /CNW/ - Noront Resources Ltd. ("Noront") (TSX Venture: NOT) is pleased to announce that it has successfully closed its previously announced flow-through private placement financing. Gross proceeds of$18,870,000 were raised through the issuance of 23,587,500 flow-through common shares at a price of $0.80 per share. This placement was effected on a non-brokered placement basis, with the hold periods in respect of such issuances expiring onMarch 29, and April 5, 2009. Finder's fees of $754,800 were paid to various arm's-length parties in respect of the offering.

RR

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