Noront Announces Appointment of Colin Webster
May 05 2014 - 04:53PM
Marketwired
Noront Announces Appointment of Colin Webster
TORONTO, ONTARIO--(Marketwired - May 5, 2014) - Noront Resources
Ltd. ("Noront") (TSX-VENTURE:NOT) is pleased to announce that Colin
Webster, P. Eng., has joined our Management team as Vice President,
Sustainability.
Previously, Colin Webster was with Goldcorp Inc. as the Director
of Aboriginal, Government and Community Relations, for the Canada
& USA Region from October of 2009 until April 2014. Prior to
joining Goldcorp, Mr. Webster was a founding partner at Blue Heron
Solutions for Environmental Management, an environmental
consultancy in northern Ontario, providing technical and
professional services to the resource development industry. He has
a degree in Mining Engineering from Queen's University, a diploma
in Environmental Technology from Fanshawe College and over 20 years
of experience within industry and consulting. Over his career Mr.
Webster has gained wide ranging experience and insights into
environmental management, government relations and corporate social
responsibility.
In addition, the Company's Board of Directors has granted an
officer of the Company options to acquire an aggregate of 250,000
common shares of Noront with an exercise price of $0.59 per common
share, the closing market price on the date of grant May 5, 2014,
exercisable for a period of five years. The options were granted
pursuant to Noront's stock option plan and are subject to all
applicable regulatory and exchange approvals.
The Company also announces that pursuant to the loan agreement
entered into between Noront and Resource Capital Funds V L.P.
("RCF") on February 26, 2013, it has satisfied the payment of
interest for the fourth quarter of 2013 and the first quarter of
2014 by delivery of 2,104,398 and 871,434 common shares
respectively of the Company (the "Interest Shares") to RCF, at an
effective price of $0.1893 and $0.4305 per interest share. The
interest shares are subject to a four month hold period which will
expire on May 14,2014 and August 12, 2014 respectively.
About Noront
Noront Resources Ltd. is focused on development of the
high-grade Eagle's Nest nickel, copper, platinum and palladium
deposit and the high-grade Blackbird chromite deposit, both of
which are located in the James Bay Lowlands of Ontario in an
emerging metals camp known as the Ring of Fire.
www.norontresources.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
INFORMATION
This press release includes certain "forward-looking
information" within the meaning of applicable Canadian securities
legislation.
Forward-looking information is based on reasonable
assumptions that have been made by the Company as at the date of
such information and is subject to known and unknown risks,
uncertainties and other factors that may cause the actual results,
level of activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
forward-looking information, including but not limited to: the
impact of general business and economic conditions; risks related
to government and environmental regulation, actual results of
current exploration activities, conclusions of economic evaluations
(including those contained in the Feasibility Study) and changes in
project parameters as plans continue to be refined; problems
inherent to the marketability of base and precious metals; industry
conditions, including fluctuations in the price of base and
precious metals, fluctuations in interest rates; government
entities interpreting existing tax legislation or enacting new tax
legislation in a way which adversely affects the Company; stock
market volatility; competition; risk factors disclosed in the
Company's most recent Management's Discussion and Analysis and
Annual Information Form, available electronically on SEDAR; and
such other factors described or referred to elsewhere herein,
including unanticipated and/or unusual events. Many such factors
are beyond Noront's ability to control or predict.
Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that
forward-looking information will prove to be accurate as actual
results and future events could differ materially from those
reliant on forward-looking information.
All of the forward-looking information given in this press
release is qualified by these cautionary statements and readers are
cautioned not to put undue reliance on forward-looking information
due to its inherent uncertainty. Noront disclaims any intent or
obligation to update any forward-looking information, whether as a
result of new information, future events or results or otherwise,
except as required by law. This forward-looking information should
not be relied upon as representing the Company's views as of any
date subsequent to the date of this press release.
Janice Mandel for Noront Resources(647)
300-3853janice.mandel@stringcom.com
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