01
Oct
17:04
NICKEL: Noront Resources repays loan debt to Wyloo Metals with stock
Ontario-based Noront Resources says it has issued 96.15 million common shares to fully repay its $15m amended and restated convertible debenture held by Wyloo Canada Holdings, which is increasing its stake in Noront, Kallanish reports.
The number of shares to repay the loan was derived by using a US-Canada exchange rate on the day prior to the effective date of the conversion (22 September 2021) and using the conversion price of $0.20/share as stipulated in the lo…
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Very good overview of the weekly steel market.
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