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: Noront Resources Announces $3 Million Private Placement of

At any rate, I find this announcement quite amusing, not only from the size of it, but the fact that they need a "syndicate led by Raymond James" to put this together. That coupled with their fees of 5% says it all. A typical placement that requires any effort would suggest a 7% fee.

Khareema summed it up quite well. Look at history. This minor PP is final confirmation for me that they've once again discovered something significant, and are currently defining it. Sit back, wait several weeks, and your patience will be rewarded.


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