Gold, Platinum, Nickel, Copper and Base Metal Exploration
Active in resource exploration throughout Ontario, New Brunswick, Quebec, China and Mexico
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Noront Resources > Message
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Re: DE1 Spinoff ??...dony CMP....

Posted by: A&A on May 09, 2008 02:18PM

In response to: DE1 Spinoff ??...dony CMP.... by johndefur

I don't understand your comment the "

$50,000,000.00 cash was raised thru financing solely for the DE1 deposit...."

The funds were raised as a PP equity issuance and the investors I will agree invested mainly due to the potential of RoF, it does not limit NOT from spending the funds on its other projects. Was there some type of exclusive use clause when the funds were raised that I am not aware of. Additionally where do you think the funds for the non DE projects are coming from, its from the same $50 mil.

GLTA hoping for a late afternoon rally.

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