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.
Also quoted in the press release:
The Company is also pleased to announce that pursuant to a previous option granted to Baosteel Resources International Co. Ltd. (“Baosteel”), Baosteel has exercised its right to maintain its 9.9% interest in the Company and participate in the Offering.
|Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.|