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)
Message: Re: EMD....Correction
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Cupcake,
I believe EMD has significantly more than 300,000 shares. Considering their finders fee paid to them from about the same time as the PP last year. Now, you know what they say about April showers.
From last year:
APRIL 9, 2018 EMD FINANCIAL
Noront Provides Corporate Update and Closes Private Placement of Flow-Through Shares for Gross Proceeds of $4.2 Million
TORONTO, April 09, 2018 (GLOBE NEWSWIRE) —
Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture:NOT) today provided a corporate update and closed a private placement of flow-through shares.
In connection with the Offering, EMD Financial Inc. received a cash finder’s fee equal to 5% of the gross proceeds up to $1.3 million, a finder’s fee, paid in shares, of 6% of the gross proceeds in excess of $2.5 million to a maximum of $4.0 million and a corporate finance fee of $10,750. There were 414,081 common shares issued at a price of $0.37 per common share in satisfaction of the share component of the finder’s fee. The common shares are subject to a statutory hold period of four months plus one day which will expire on August 10, 2018.
Now, from this year (see Luker's post):
Noront Closes $3.45 Million Flow-Through Financing, Issues Interest Shares and Issues Options to the Board of Directors
TORONTO, April 12, 2019 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) is pleased to announce the closing of a private placement of 11,130,807 Flow-Through Units at a price of $0.31 per Flow-Through Unit for gross proceeds of $3,450,550 (the “Flow-Through Unit Offering”).
......Beacon Securities Limited acted as financial advisor and received 326,511 common shares in satisfaction of their advisory fee. EMD Financial Inc. received a finder’s fee, paid in common shares, equal to 276,823 common shares in satisfaction of their finder’s fee. The common shares are subject to a statutory hold period of four months plus one day which will expire on August 13, 2019.......
So.....With some quick addition EMD Financial has earned, to date, as their finders fee, the sum of
414,081 shares (2018) + 276,823 shares (2019) =
690,904 shares
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