What's the point, James, for keeping arguing NOT never close above $7? IMO, $6 was a major mark in NOT sp history due to the reasons below. The PP provided NOT enough money to continue its exploration:
TORONTO, ONTARIO (February 7, 2008) - Noront Resources Ltd. (“Noront”) (TSX
VENTURE: “NOT”) has closed a private placement of 6,500,000 units of Noront for aggregate gross proceeds of $26,000,000. Noront is very pleased to announce that Rosseau Asset Management; Pinetree Capital Ltd.; Robert McEwen, President, Evanachan Limited; Pierre Lassonde, Chairman, Franco-Nevada Corporation; Sprott Asset Management; and Northfield Capital Corporation purchased a substantial portion of the units in this private placement.
Each unit was priced at $4.00 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 $5.00 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 $6.00 for ten consecutive trading days on the principal exchange on which Noront’s common shares are listed for trading. The common shares and warrants comprising the units, and the common shares underlying the warrants, are subject to a hold period which expires on June 7, 2008. IBK Capital Corp. acted as agent and J.P. Morgan Securities Inc. acted as financial advisor for Noront on this transaction.
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TORONTO, ONTARIO (April 15, 2008) - Noront Resources Ltd. (“Noront”) (TSX:
NOT) is pleased to announce that further to its March 12, 2008 press release
announcing acceleration of the expiry to April 10, 2008 of its common share purchase warrants (the “Warrants”) issued pursuant to a private placement completed on February 6, 2008, 2,490,001 Warrants have been exercised for aggregate gross proceeds of $12,450,005. At the close of business on April 10, 2008, all Warrants had either been exercised or had expired. The common shares issued upon exercise of the Warrants are subject to a hold period which expires on June 7, 2008.
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