Noront Resources Ltd. announced today that Mr. Gregory Honig, Director of Origination, Canada for Resource Capital Funds , has been appointed to Noront’s Board of Directors in place of Sybil Veenman who will be stepping down as RCF’s appointee on the Board. Appointment of Gregory Honig Mr. Honig has over 15 years of experience in the [...]
Noront Resources Ltd. announces that payment of interest in the amount of $391,668 for the fourth quarter of 2019 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. dated February 26, 2013 has been satisfied by delivery of 2,598,991 common shares of the Company at an effective price of $0.1507 per Interest [...]
Noront Resources Ltd. has extended the terms of its current debt facilities with Franco-Nevada Corporation and Resource Capital Fund V L.P. . The Company’s loan with Franco-Nevada has been extended to September 30, 2022 and the maturity of its convertible debenture with RCF V has been extended to September 30, 2021. In addition, Noront has [...]
Noront Resources Ltd. is announcing that it has issued 200,000 units at an issue price of $0.20 per unit in satisfaction of consulting fees. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one common share of the Company at a price of $0.30 until December 2 [...]
Noront Resources Ltd. has closed a non-brokered private placement for gross proceeds of $2.06 million from the issuance of flow-through shares and units . The Company issued 7,900,000 FT Shares at a price of C$0.25 per FT Share for gross proceeds of $1,975,000 and 425,000 Units at a price of C$0.20 per Unit for gross proceeds of $85,000 . Each Unit [...]
Noront Resources Ltd. is announcing that it has entered into a seventh amending agreement dated October 31, 2019 with its largest shareholder, Resource Capital Fund V L.P. , to extend the term of its existing US$15 million convertible debenture . Subject to TSX Venture Exchange approval, the maturity date of the Convertible Debenture has been [...]
Noront Resources Ltd. is pleased to announce a non-brokered private placement of any combination of units of the Company at a price of C$0.20 per Unit and flow-through shares of the Company at a price of C$0.25 per FT Share for gross proceeds of up to approximately C$2,500,000 . Each Unit will consist of one common share of the Company and one [...]
Noront Resources Ltd. announces that payment of interest in the amount of $396,732 for the third quarter of 2019 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. dated February 26, 2013 has been satisfied by delivery of 1,640,744 common shares of the Company at an effective price of $0.2418 per Interest [...]
Noront Resources Ltd. announces that payment of interest in the amount of $396,732 for the third quarter of 2019 pursuant to a loan agreement entered into between Noront and Resource Capital Funds V L.P. dated February 26, 2013 has been satisfied by delivery of 1,640,744 common shares of the Company at an effective price of $0.2418 per Interest [...]
Noront Resources Ltd. has received approval from the TSX Venture Exchange and has issued Algoma Steel Inc. 750,000 common shares of the Company and 750,000 warrants to purchase common share pursuant to the term sheet signed between the Company and Algoma as announced on September 20, 2019. The term sheet gives the Company a 5-year option to enter [...]
Noront Resources Ltd. announced agreements with Algoma Steel Inc. and Hatch Ltd. today to facilitate development of the Ring of Fire mineral district and the associated Ontario-based processing facilities. “Noront is partnering with two Ontario-based industrial and engineering giants to advance Ring of Fire development,” said Alan [...]
Noront Resources Ltd. is pleased to provide an update on the Phase-2 summer exploration program at its 85% owned McFaulds VMS property in the Ring of Fire. The copper-zinc focused diamond drill program, completed in July, tested the down-dip continuity of the McFaulds No.8 VMS deposit, which previously returned 26.4 metres of massive sulfide [...]
