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BRIEF-Noront Extends Debt Arrangement With Resource Capital Funds And Issues Interest Shares

Published 2019-01-31, 04:59 p/m
Updated 2019-01-31, 05:00 p/m
© Reuters.  BRIEF-Noront Extends Debt Arrangement With Resource Capital Funds And Issues Interest Shares

© Reuters. BRIEF-Noront Extends Debt Arrangement With Resource Capital Funds And Issues Interest Shares

Jan 31 (Reuters) - Noront Resources Ltd NOT.V :

* NORONT EXTENDS DEBT ARRANGEMENT WITH RESOURCE CAPITAL FUNDS AND ISSUES INTEREST SHARES

* NORONT RESOURCES - ENTERED INTO FIFTH AMENDING AGREEMENT DATED JANUARY 31, 2019 TO EXTEND TERM OF ITS EXISTING US$15 MILLION CONVERTIBLE DEBENTURE

* NORONT RESOURCES LTD - AMENDMENT INCLUDES A PROVISION WHEREBY COMPANY WILL REQUIRE RCF APPROVAL TO ISSUE EQUITY BELOW $0.306 PER SHARE

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