CAPITAL MARKETS

Wyloo takeover target refuses loan, launches raising

TORONTO-listed takeover target Noront Resources plans to launch a private placement to raise C$6.1 million.

Noront is the biggest landholder in Ontario's Ring of Fire

Noront is the biggest landholder in Ontario's Ring of Fire

Last month, Noront's 23% shareholder, Andrew Forrest's Wyloo Metals, announced plans to make a $133 million takeover offer for the developer. The private placement is priced at 28.3c per share, while...

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