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TORONTO, ONTARIO--(Marketwired - July 11, 2014) - Noront Resources Ltd. ("Noront" or the "Company") (TSX VENTURE:NOT) reports that pursuant to the loan agreement entered into between Noront and Resource Capital Funds V L.P. ("RCF") on February 26, 2013, it has satisfied the payment of interest for the second quarter of calendar 2014 by delivery of 518,270 common shares of the Company (the "Interest Shares") to RCF, at an effective price of $0.6174 per Interest Share. The Interest Shares are subject to a four month hold period which will expire on November 11, 2014.
About Noront
Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is focused on development of the high-grade Eagle's Nest nickel, copper, platinum and palladium deposit and the high-grade Blackbird chromite deposit, both of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire.
Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.
There can be no assurance that forward-looking information will prove to be accurate as actual results and future events could differ materially from those reliant on forward-looking information.
All of the forward-looking information given in this press release is qualified by these cautionary statements and readers are cautioned not to put undue reliance on forward-looking information due to its inherent uncertainty. Noront disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by law. This forward-looking information should not be relied upon as representing the Company's views as of any date subsequent to the date of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Contact Information:
Noront Resources Ltd.
Janice Mandel
(647) 300-3853
janice.mandel@stringcom.com
