^The 26 million dollar placement was for common shares , not "flow through shares" and Common share purchase wts.

Therefore the price is he price and there are no tax advantages for investors in that placement. Flow throughs are designated as such in the placement documents.

"Each unit was priced at $4 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 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 for 10 consecutive trading days on the principal exchange on which Noront's common shares are listed for trading."