Noticed that 27,000 warrants traded today for 50 cents. Interesting since the share price is in a downward move and these warrants are executable at $4 until Dec 16th 2014. Somebody has got to believe in this stock.
Noront announces listing of warrants
07:00 EDT Wednesday, July 21, 2010
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Symbol: NOT:TSX-V
Shares Outstanding: 175,633,642
Fully Diluted: 186,742,460
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TORONTO, July 21 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that effective Wednesday, July 21, 2010 the common share purchase warrants of the Company (the "Warrants") will commence trading on the TSX Venture Exchange under the symbol NOT.WT.
At present there are 722,150 Warrants issued and outstanding. The Warrants were issued pursuant to the Company's Notice of Variation and Extension dated December 1, 2009. Each Warrant entitles the holder to purchase one common share of the Company at a price of $4.00 per share and will expire on December 16, 2014........