I definately think that our management team did very well in our PP..NOT PP has warrants and the market is different than when we did ours but I think they did well in this market climate ..

Just out this morning...

TORONTO, ONTARIO--(Marketwire - Feb. 4, 2008) - Noront Resources Ltd. ("Noront") (TSX VENTURE:NOT) is pleased to announce that it has received firm commitments from several investors for a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000. Each unit is priced at $4.00 and consists of one common share and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of Noront at an exercise price of $5.00 for a period of two years from the date of issue, subject to accelerated expiry, being 30 days after the common shares of Noront have closed at or above a price of $6.00 for ten consecutive trading days. Noront expects to close on this private placement on or before February 6th, 2008. IBK Capital Corp. acted as agent and J.P. Morgan Securities Inc. acted as financial advisor for Noront on this transaction.