Noront raising $2.4 million for Ring of Fire exploration
from Northern Ontario Business
Noront Resources recently announced it was out to raise $2.4 million for work in the Ring of Fire in the James Bay region. The company plans to raise the money in a private placement of 4.8 million flow-through common shares at a price of $0.50 apiece. The Toronto-based junior said the proceeds would be used to continue its exploration efforts in the Ring of Fire district.
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