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Noront Resources raises C$1.1M in private placement to advance exploration

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Noront Resources raises C$1.1M in private placement to advance exploration

Noront ResourcesLtd. said March 30 that it has raised approximately C$1.1 million ina nonbrokered private placement of 1,500,000 units at 35 cents apiece and 1,366,667flow-through units at 45 cents each for exploration and general working capitalpurposes.

Each unit contains 1 common share and 1 warrant, with each warrantenabling the holder to acquire 1 common share for 50 cents per share by March 30,2019.

Each flow-through unit consists of 1 flow-through share and 0.5of a warrant, with each whole warrant enabling the holder to acquire 1 share at55 cents by March 30, 2019.