Re: Noront Resources Announces Private Placement of Flow-Through Shares
posted on
Nov 24, 2015 06:40PM
Amount lower than planned, took more time to fill the PP than expected even at the lower amount, price kept as set. Conclusion: NOT is close to mothballing if the Canadian governmental bodies do not act really soon. Issue: Salaries and general expenses. It is close to perfection for a Chinese take-over. Latest rumours from Toronto is a price range at This stage for in between 2.40 to 2.80, deposit based and with a solution for infra investement at buyers hand. Probably not too long before it is a done deal, the actual status of the private placement being a rather weak signal as far as delay and lower amount are concerned. It's really the last Bell, RCF running out of patience as well.