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07 Jun
14:50

NICKEL, COPPER, PLATINUM: Noront Resources to proceed with private placement

Ontario-based Noront Resources Ltd is proceeding with a private placement and has rejected a loan offer from potential suitor Wyloo Metals. The private placement is expected to raise CAD 6.1 million ($5.04m) at a price of CAD 0.283/share. The placement of 21.66 m shares is expected to close on 11 June. That placement is expected to keep the company in operation and to continue developing its planned Eagle’s Nest nickel-copper-platinum-palladium mine in the R…
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