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)

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Message: Re: pp closed announced at 4.18 on stockwatch.
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Dec 04, 2008 11:23AM



Noront closes $18.87-million private placement



2008-12-04 18:24 ET - News Release

Mr. Paul Parisotto reports

NORONT CLOSES FINANCING

Noront Resources Ltd. has successfully closed its previously announced flow-through private placement financing. Gross proceeds of $18.87-million were raised through the issuance of 23,587,500 flow-through common shares at a price of 80 cents per share. This placement was effected on a non-brokered placement basis, with the hold periods in respect of such issuances expiring on March 29 and April 5, 2009. Finders' fees of $754,800 were paid to various arm's-length parties in respect of the offering.

The proceeds of this placement will be used for further exploration of Noront's McFaulds Lake projects.

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Dec 04, 2008 02:42PM
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