posted on
Jul 29, 2020 05:35PM
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: Cobalt
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BINGO INCA....I believe you and I have shared this opinion about Glencore being connected to Noront for sometime now....I couldn't agree with you more.
The following is interesting to consider. But it is only a hyopthesis...Something I share with a fellow investor, and friend:
......The aggregate purchase price payable pursuant to the Transaction was US$417,865,705, which was satisfied by Trevali through: (i) a cash payment of US$245,215,705; and (ii) the issuance to Glencore of an aggregate of 193,432,310 common shares of Trevali (the "Common Shares") at a deemed price of approximately US$0.89 per share for aggregate deemed consideration of US$172,650,000. Using a deemed exchange rate of C$1.00=US$0.7438 as of March 13, 2017 (being the date of entry into the Share Purchase Agreements), this represents an aggregate value of C$232,118,772 (or C$1.20 per share). In connection with the Transaction, Trevali has also repaid an existing debt facility owing to Glencore........
......Immediately prior to completing the Transaction, Glencore owned and exercised control over 17,403,615 Common Shares representing approximately 4.3% of the issued and outstanding Common Shares at such time. Pursuant to the Transaction, Glencore acquired 193,432,310 Common Shares, as described above. After giving effect to the Transaction, the percentage of the issued and outstanding Common Shares owned and controlled by Glencore increased by approximately 21.3% and Glencore now owns and controls a total of 210,835,925 Common Shares representing approximately 25.6% of the issued and outstanding Common Shares (assuming for purposes of the foregoing that there are 822,536,301 Common Shares issued and outstanding).
....TORONTO, July 17, 2020 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or “the Company”) (TSX Venture: NOT) announced today that Mr. Matthew Quinlan, Interim CFO for Trevali Mining Corporation, has been appointed to the Company’s Board of Directors.
Appointment of Matthew Quinlan
Mr. Quinlan has 25 years of experience in finance, capital markets and the global mining industry. Prior to Trevali, he was the CFO of Dominion Diamond Corporation, the world’s third largest diamond mining company. Over the course of a fifteen-year career in investment banking he acted as lead advisor/underwriter in over $40bn of transactions in the global mining industry and was Managing Director and Co-head of CIBC’s Global Mining investment banking group.
Matthew holds a BSc. (Honours) in Mechanical Engineering with Business Finance from University College London and The London School of Economics and Political Science. He is a Chartered Professional Accountant (CPA) and is a Chartered Financial Analyst (CFA).
1 + 2 = Noront Connection....IMO
Glencore may be moving their star players from one company to another... To where they'll eventually be needed the most. When you have a controlling interest in a company, like Glencore does with Trevali, you call the shots...At 25% interest in Trevali, Glencore has now decided to allow their star player, CFO Matthew Quinlan, to move onto their next up and coming team....Again...This is only a hypothesis...Not fact... and is only an opinion of mine. One which I share with the little bird who landed on my shoulder to hint that this may be a possibility....Take it for what it is worth, and if you wish, thank the little bird who came to me.
TM.
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