Noront Resources Announces Up to $15 Million Equity Financing

Noront Resources Ltd. (TSX VENTURE:NOT) reported that the company has entered into an agreement with Dundee Securities Corporation on behalf of itself and a syndicate of agents including Wellington West Capital Markets Inc. and Genuity Capital Markets under which they have agreed to offer for sale, on a best efforts basis, flow-through common shares of Noront at a price of $1.83 per Flow-Through Share for aggregate gross proceeds of up to $15 million.

The press release is quoted as saying:

In addition, Noront has granted the Agents an over-allotment option to sell an additional 15% of the Flow-Through Shares sold pursuant to the offering, at the issue price, exercisable at any time prior to 1 day before the Closing Date of the offering.

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