Nice to see Beacon Securities involved in this deal and nice to see both parties paid in .335 shares instead of money.
In connection with the Flow-Through Offering, EMD Financial Inc. and Beacon Securities received a finder’s fee, paid in common shares, equal to 6% of the gross proceeds of the Flow-Through Offering. There were 389,486 common shares issued at a price of $0.335 per common share in satisfaction of the finder’s fee.
Previously from Beacon:
beginning coverage of NOT
Noront Resources (TSXV:NOT) Beacon Securities begins coverage with a "buy" rating and a price target of $0.90, which implies 143% upside, saying... "The world class Eagles Nest Ni-Cu-PGE deposit will be the company's first mine...and should be one of the lowest net cash cost nickel producers in the world. The new Ontario Premier has stated the Ring of Fire is his top priority and the government has committed $1 billion for an all season road to the Ring of Fire. Beyond Eagles Nest, Noronts crown jewels are its gigantic, world class chromite deposits. With resources that could support a 100 year mine life, a billion dollar smelter and make Noront one of the lowest cost producers of ferrochrome globally an essential ingredient in stainless steel".
