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: Convertible Loan maturity
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As a precondition to the prospectus financing, RCF provided the Company with an

undertaking to extend the Convertible Loan to March 17, 2017.

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Above does take some near term pressure of Noront since the maturity of

the Convertible Loan is extended from this June31 to March 17,2017.

Sedar report does not indicate any changes in terms of the extention such as

rate of interest to be paid on the loan.

Hopefuly management will now concentrate on exploration/drilling in order

to bring the ROF closer to fruition.

GLTA,

Fossil

11 Recommendations
Re: Convertible Loan maturity

BigD70
Apr 02, 2016 04:57PM
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