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: Wyloo Metals to purchase cornerstone position in Noront Resources from Resource Capital Fund V L.P.
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Re: Wyloo Metals to purchase cornerstone position in Noront Resources from Resource Capital Fund V L.P.

posted on Dec 07, 2020 02:54PM
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Under the terms of the deal, Wyloo Metals will acquire the following instruments held by RCF:

  • 94,553,126 Noront common shares and warrants to acquire 1,774,664 Noront common shares;
  • US$15,000,000 convertible loan maturing September 30, 2021; and
  • a 1.0% net smelter return royalty over the Eagle’s Nest deposit.

 

The question is: is RCF retaining something here??

Does anybody have terms of Noront's RCF deals at hand?

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