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Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.
Noront Resources Ltd (TSXV:NOT) announced that pursuant to a loan agreement between the company and Resource Capital Funds V L.P., it has paid interest for the first quarter of 2013 through the issuance of 474,941 common shares at a price of $0.2942/interest share to RCF.
As quoted in the press release:
The calculation of the number of Interest Shares issued was based on the volume weighted average trading price of the common shares of the Company during the 20 trading days prior to March 28, 2013.
Click here to read the full Noront Resources Ltd (TSXV:NOT) press release.
