TORONTO, Jan. 22, 2018 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSX-V:NOT) announces that as part of its US$15 million convertible debt facility with Resource Capital Fund V, that it intends to issue 1,214,981 common shares in settlement of $377,130 in interest for the fourth quarter ended December 31, 2017. The shares will be issued at $0.3104 per share which represents the twenty-day volume weighted average price at December 29, 2017. The Company expects the transaction to close by the end of the week.
About Noront Resources
Noront Resources Ltd. is focused on the development of its high-grade Eagle’s Nest nickel, copper, platinum and palladium deposit and the world class chromite deposits including Blackbird, Black Thor, and Big Daddy, all of which are located in the James Bay Lowlands of Ontario in an emerging metals camp known as the Ring of Fire. www.norontresources.com
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Source: Noront Resources