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.

Wyloo takeover target refuses loan, launches raising Wyloo takeover target refuses loan, launches raising Wyloo takeover target refuses loan, launches raising Wyloo takeover target refuses loan, launches raising Wyloo takeover target refuses loan, launches raising

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.