By Devika Patel
Knoxville, Tenn., Dec. 4 - Noront Resources Ltd. said it completed an C$18.87 million non-brokered private placement of stock. The deal priced for C$20 million on Nov. 11.
The company sold 23,587,500 flow-through common shares at C$0.80 apiece. It had planned to sell 25 million shares.
Proceeds will be used for exploration.
Based in Toronto, Noront Resources is a gold exploration company.
| Issuer: | Noront Resources Ltd.
|
| Issue: | Flow-through common shares
|
| Amount: | C$18.87 million
|
| Shares: | 23,587,500
|
| Price: | C$0.80
|
| Warrants: | No
|
| Agents: | Non-brokered
|
| Pricing date: | Nov. 11
|
| Settlement date: | Dec. 4
|
| Stock symbol: | TSX Venture: NOT
|
| Stock price: | C$0.71 at close Nov. 11
|
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