Dominion Lending Centres Clearlease Reports Chinese iron and steel producer pays $17.4 million for 10 per cent of Noront
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk
Dominion Lending Centres Clearlease Reports Chinese iron and steel producer pays $17.4 million for 10 per cent of Noront
VANCOUVER, BC (June 3, 2011) Dominion Lending Centres Clearlease Reports A subsidiary of Chinese iron and steel producer Baosteel has invested $17.4 million on thursday June 2, 2011 to acquire approx. 10 per cent of Noront Resources Ltd. (TSX:NOT), an Ontario-based mineral exploration company active in the James Bay Lowlands.
Baosteel Resources International Co. Ltd. has also acquired warrants that would enable it to increase its Noront stake to about 14 per cent with a further investment of $11.7 million.
Baosteel paid 86 cents per unit, with each unit composed of one common share and a half purchase warrant. Each whole warrant allows Baosteel to buy an additional share at $1.16 each.
Based on Noront’s recent trading activity, Baosteel paid a premium to the market price — which is near a 52-week low of 74 cents.
Noront is focused on the remote McFauld’s Lake area, where a number of industrial and precious metals have been detected, including nickel and chromite.
Baosteel now owns 20.2 million Noront shares and 10.1 million warrants.
Video Link: http://youtu.be/f_kk7WJa7Uk
For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html
About Dominion Lending Centres Clearlease
Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Video Link: http://youtu.be/f_kk7WJa7Uk