Precious Metals (Gold, Silver and Platinum)

In October 2003, IBK Capital raised $1.125 million for Noront Resources Ltd. through the private placement of common shares and warrants. In December 2006, IBK Capital raised another $15 million for Noront in units of common shares and warrants. The financing was to fund Noront’s drilling program at its Windfall Lake property in Quebec which showed excellent results as it encountered three significant zones of gold mineralization at a depth of 119.6 metres. The best zone covered a total width of 4.8 metres and assayed spectacular gold grades (52.3 ounces per ton, 23.33 ounces per ton, and 38.74 ounces per ton).