Noront Resources Ltd.(TSXV:NOT) announced the closing of a private placement for gross proceeds of approximately $10.1 million. The proceeds from the placement with Resource Capital Fund V L.P. will be used for progress at the Eagle Nest project.
Noront Resources Ltd.(TSXV:NOT) announced the proposal of a new private placement with Resource Capital Fund V LP. The Company is aiming to close the offering around May 8, 2012.
Noront Resources Ltd (TSXV:NOT) is an exploration company focused on developing its multi-metal discoveries in the Ring of Fire of northern Ontario, Canada. Noront is the largest landholder in the Ring of Fire with properties that host high-grade nickel-copper-platinum-palladium, chromium, gold, and vanadium deposits.