Noront Resources Announces Issuance of Interest Shares
15 January 2021 - 10:23AM
Noront Resources Ltd. (“Noront”) (TSX Venture: NOT) announces that
payment of interest in the amount of $382,698 for the fourth
quarter of 2020 pursuant to a loan agreement entered into between
Noront and Resource Capital Funds V L.P. (“RCF”) dated February 26,
2013 (the "Loan Agreement") has been satisfied by delivery of
1,994,257 common shares of the Company (the “Interest Shares”) at
an effective price of $0.1919 per Interest Share. The Interest
Shares were delivered on January 14, 2021 subject to a four month
hold period, expiring on May 15, 2021.
The calculation of the number of Interest Shares
issued was based on the volume weighted average trading price of
the common shares of the Company during the 20 trading days prior
to December 31, 2020.
After giving effect to the issuance of the
Interest Shares, there are 419,506,791 common shares of the Company
issued and outstanding.
About Noront Resources Noront
Resources Ltd. is focused on the development of its high-grade
Eagle’s Nest nickel, copper, platinum and palladium deposit and the
world class chromite deposits including Blackbird, Black Thor, and
Big Daddy, all of which are located in the James Bay Lowlands of
Ontario in an emerging metals camp known as the Ring of Fire.
www.norontresources.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more information: Greg
Rieveley greg.rieveley@norontresources.com (416) 367-1444
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