Agoracom: Small Cap Investment - Noront Resources - Kevin Feeney, CFO has left Noront

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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Francis Dube

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Kevin Feeney, CFO has left Noront

posted on Dec 04, 2008 01:57PM

Good luck Kevin with your future, sorry things did not work out better!

So does this mean we are trimming management to conserve cash?

Also the PP was not filled, very close but not filled, so for those that ridiculed the PP price of $0.80, this should be a wake up call as to the difficult environment we are in now. Management could not of priced this much better in hindsight. At a higher price, much less of the PP gets filled and we have egg in our face, cheaper than this, we get filled but for less money, so, give credit to the new BOD on this one, they picked a good PP price even though it sits so bad with many retail investors. The market has proven them right. Now lets use this money wisely!!!

The next news release should detail the current situation of our projects and we may finally have found our bottom. I believe tomorrow, we will see an upswing in our SP.

Glorieux


		Noront Resources Ltd
		Symbol			NOT
		Shares Issued			129,864,783
		Close 2008-12-03			C$ 0.47
		Recent Sedar Documents

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.

Paul Parisotto, interim co-chief executive officer, stated: "It is a testament to the quality of Noront's assets that we have been able to complete this financing in these difficult market conditions."

In addition, Noront wishes to advise that Kevin Feeney, chief financial officer, has left Noront. Noront wishes Mr. Feeney well in his future endeavours and thanks him for his contributions to the company. Noront has begun the process of identifying a successor for this office.

8 Recommendations

Re: Kevin Feeney, CFO has left Noront

retiredrookie

Dec 04, 2008 02:20PM

Re: Kevin Feeney, CFO has left Noront

MISFIT1

Dec 04, 2008 02:39PM

Re: Kevin Feeney, CFO has left Noront

Notie Girl

Dec 04, 2008 02:48PM

Re: Kevin Feeney, CFO has left Noront

Notie Girl