reports
Wyloo Metals Completes Acquisition of Noront
Wyloo Metals Completes Acquisition of Noront TORONTO, April 07, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront") (TSXV: NOT) is pleased to announce the successful completion of its previously-announced statutory plan of arrangement under the provisions of the Business Corporations Act (Ontario) (the "Arrangement") involving Wyloo Metals Pty Ltd. ("Wyloo Metals") and its wholly-owned subsidiary, Wyloo Canada AcquisitionCo Pty Ltd. (the "Purchaser" and, together with Wyloo Metals and any of their affiliates, the "Wyloo Parties"). Pursuant to the Arrangement, among other things, th...
Noront Provides Update on Retention Elections; Announces Automatic Squ...
Noront Provides Update on Retention Elections; Announces Automatic Squeeze-Out Under the Arrangement With Wyloo Metals TORONTO, March 28, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV:NOT) announces that, as of 5:00 p.m. (Toronto time) on March 25, 2022, being the deadline for shareholders of the Company to make an election to retain all or a portion of their common shares of Noront ("Common Shares") following the Arrangement (as defined below) (a "Retention Election"), an aggregate of 81,620,596 Common Shares (representing approximately 14.4% of the iss...
Noront Announces Shareholder Approval of Plan of Arrangement With Wylo...
Noront Announces Shareholder Approval of Plan of Arrangement With Wyloo Metals; Provides Interim Retention Election Update TORONTO, March 15, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV:NOT) is pleased to announce that shareholders of the Company ("Shareholders") have overwhelmingly approved the proposed plan of arrangement (the "Arrangement") involving Wyloo Metals Pty Ltd. ("Wyloo Metals") and its wholly-owned subsidiary, Wyloo Canada AcquisitionCo Pty Ltd. ("Wyloo AcquisitionCo", and together with Wyloo Metals and any of their affiliates, the "Wylo...
Noront Announces Mailing of Materials for Special Meeting of Sharehold...
Noront Announces Mailing of Materials for Special Meeting of Shareholders and Interim Order for Plan of Arrangement With Wyloo Metals TORONTO, Feb. 16, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV:NOT) is pleased to announce the mailing of its management information circular (the "Circular") and related form of proxy, letter of transmittal and retention election form (collectively, the "Meeting Materials") to the shareholders of Noront (the "Shareholders") in connection with the Special Meeting (as defined below). The Meeting Materials are being mailed...
Noront and Wyloo Metals Amend Arrangement Agreement Following Regulato...
Noront and Wyloo Metals Amend Arrangement Agreement Following Regulatory Review TORONTO and PERTH, Australia, Feb. 03, 2022 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV: NOT) and Wyloo Metals Pty Ltd ("Wyloo Metals") announce that, following discussions with, and review by, the applicable regulators, they have agreed to amend certain provisions of the previously-announced arrangement agreement, effective December 22, 2021 (the "Arrangement"). More specifically, Noront, Wyloo Metals and Wyloo Canada Holdings Pty Ltd have entered into an amending agreement ef...
UPDATE -- Noront and Wyloo Metals Enter Into Binding Agreement for Pre...
UPDATE -- Noront and Wyloo Metals Enter Into Binding Agreement for Previously-Announced Acquisition of Noront for C$1.10 per Share BHP elects not to exercise its right to match; Support Agreement with BHP terminatedImproved Wyloo Metals offer of C$1.10 in cash per share represents a 358% premium to Noront's unaffected closing price on May 21, 2021 and a 47% premium to BHP's C$0.75 per share offerWyloo Metals' offer also provides shareholders with the option of retaining some or all of their shares in NorontNoront's Board of Directors unanimously supports transaction with Wyloo Metals TORON...
Noront and Wyloo Metals Enter Into Binding Agreement for Previously-An...
Noront and Wyloo Metals Enter Into Binding Agreement for Previously-Announced Acquisition of Noront for C$1.10 per Share BHP elects not to exercise its right to match; Support Agreement with BHP terminatedImproved Wyloo Metals offer of C$1.10 in cash per share represents a 358% premium to Noront's unaffected closing price on May 21, 2021 and a 47% premium to BHP's C$0.75 per share offerWyloo Metals' offer also provides shareholders with the option of retaining some or all of their shares in NorontNoront's Board of Directors unanimously supports transaction with Wyloo Metals TORONTO and PER...
Noront Reaches Agreement With Wyloo Metals to Acquire Noront for C$1.1...
Noront Reaches Agreement With Wyloo Metals to Acquire Noront for C$1.10 Per Share Noront Board of Directors unanimously determines improved Wyloo Metals Offer of C$1.10 per share to be a Superior ProposalImproved Wyloo Offer of C$1.10 in cash per share represents a 358% premium to Noront's unaffected closing price on May 21, 2021 and a 47% premium to BHP's C$0.75 per share offerBHP has five business days to match Wyloo Metals' offer TORONTO, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV: NOT) today announced it has settled an arrangement agree...
Noront Acknowledges Receipt of Proposal and Draft Transaction Document...
Noront Acknowledges Receipt of Proposal and Draft Transaction Documents From Wyloo Metals TORONTO, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV: NOT) announces that it has received a non-binding letter dated December 12, 2021, and related draft arrangement agreement and other ancillary transaction documents (collectively, the "Transaction Documents"), from Wyloo Metals Pty Ltd and Wyloo Canada Holdings Pty Ltd (together, "Wyloo Metals") in respect of the Updated Wyloo Proposal (as defined below). The Transaction Documents outline, among other ...
BHP extends tender expiry and BHP and Noront extend outside date under...
BHP extends tender expiry and BHP and Noront extend outside date under Support Agreement BHP continuing to progress discussions with Wyloo Metals TORONTO and MELBOURNE, Australia, Dec. 03, 2021 (GLOBE NEWSWIRE) -- BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale”), a wholly-owned subsidiary of BHP, announced today that it is progressing discussions with Wyloo Metals Pty Ltd (“Wyloo Metals”) regarding Wyloo Metals’ potential support of BHP’s C$0.75 per share offer (the “Offer”) to acquire Noront Resources Ltd. (TSXV:NOT) (“Noront”). To allow more time for those discussions to progress, BH...
Noront Resources Amends Shareholder Rights Plan
Noront Resources Amends Shareholder Rights Plan TORONTO, Nov. 26, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") announces that it has amended the shareholder rights plan (the "Rights Plan") previously adopted on May 26, 2021. The Rights Plan as amended (the "Amended Rights Plan") is designed to ensure that all Noront shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids" for the outstanding common shares of Noront (the "Common Shares") through purchases exempt from applicable take-over bid rules...
Noront Announces Further Extension of BHP Tender Expiry
Noront Announces Further Extension of BHP Tender Expiry TORONTO, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (TSXV: NOT) ("Noront" or the "Company") today announces that BHP Western Mining Resources International Pty Ltd ("BHP Western Mining"), a wholly-owned subsidiary of BHP Lonsdale Investments Pty Ltd ("BHP Lonsdale"), has extended the expiry of its offer from 7:00 p.m. (Toronto Time) on November 30, 2021 to 7:00 p.m. (Toronto Time) on December 14, 2021. Earlier today, BHP Lonsdale announced that it continues to progress discussions with Wyloo Metals Pty Ltd ("Wyloo Metal...
Noront Reminds Shareholders of Extension of BHP Expiry
Noront Reminds Shareholders of Extension of BHP Expiry TORONTO, Nov. 19, 2021 (GLOBE NEWSWIRE) -- At the request of the TSX Venture Exchange, Noront Resources Ltd. (TSXV: NOT) (“Noront” or the “Company“) today reminded shareholders that BHP Lonsdale Investments Pty Ltd ("BHP Lonsdale"), a wholly owned subsidiary of BHP, has extended the expiry of its offer from 7:00 p.m. (Toronto Time) on November 16, 2021 to 7:00 p.m. (Toronto Time) on November 30, 2021. BHP announced the tender expiry extension on November 10, 2021. BHP’s announcement can be read in full at: About Noront ResourcesNor...
Noront has received no response from Wyloo and advises shareholders to...
Noront has received no response from Wyloo and advises shareholders to promptly tender to BHP offer for C$0.75 per share BHP’s offer is the only offer available to Noront shareholders There is no offer from Wyloo and no indication that another offer will be forthcoming Noront has heard nothing from Wyloo since receiving improved BHP offer BHP’s all-cash offer represents a 36% premium to its previous offer, a 7% premium to the Wyloo proposal and a 213% premium to Noront’s unaffected share price Noront supports BHP’s improved offer and recommends shareholders tender their shares to rece...
BHP increases all-cash offer for Noront to C$0.75 per share
BHP increases all-cash offer for Noront to C$0.75 per share Noront recommends shareholders accept improved BHP offer BHP increases its all-cash offer to Noront shareholders to C$0.75 per share, representing a 36% premium to its previous offer, a 7% premium to the Wyloo offer and a 213% premium to Noront’s unaffected price.Noront supports BHP’s improved offer and recommends shareholders tender now to receive the cash consideration offered.The BHP offer will be open until 11:59 p.m. (Toronto time) on November 9, 2021. Shareholders have 22 days to decide to accept the full and immediate valu...
Noront Reaches Agreement with Wyloo Metals to Acquire Noront for C$0.7...
Noront Reaches Agreement with Wyloo Metals to Acquire Noront for C$0.70 Per Share Noront Board of Directors unanimously determines Wyloo Metals Offer of C$0.70 per share to be a Superior ProposalProposed consideration of C$0.70 in cash per share represents a 192% premium to Noront’s unaffected closing price on May 21, 2021 and a 27% premium to BHP’s C$0.55 per share offerBHP has five business days to match Wyloo’s offer TORONTO, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) today announced it has settled the terms of a proposal from Wyloo...
Noront Issues Shares in Full Satisfaction Of US$15 Million Convertible...
Noront Issues Shares in Full Satisfaction Of US$15 Million Convertible Debenture TORONTO, Sept. 30, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) announces the issuance of 96,150,000 common shares of the Company (the “Conversion Shares”) in full satisfaction of its US$15 million amended and restated loan agreement (the “Loan Agreement”) held by Wyloo Canada Holdings Pty Ltd. (Wyloo). The number of shares were derived using the USD – CAD exchange rate on the day prior to the effective date of conversion being September 22, 2021 and using the convers...
Noront Receives Arrangement Agreement From Wyloo and Executes Confiden...
Noront Receives Arrangement Agreement From Wyloo and Executes Confidentiality Agreement TORONTO, Sept. 07, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Noront Resources Ltd. (“Noront” or the “Company”) (TSXV: NOT) acknowledges receipt of a form of Arrangement Agreement from Wyloo Metals (“Wyloo”) on the evening of Friday September 3, 2021 (the "Arrangement Agreement"), which provides the terms and conditions of the potential transaction proposed by Wyloo to acquire all of the outstanding common shares of Noront for C$0.70 per share. Noront and its advisors are reviewing the Arrange...
Noront Responds to Wyloo's Non-binding Indication of Interest
Noront Responds to Wyloo's Non-binding Indication of Interest TORONTO, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. ("Noront" or the "Company") (TSXV: NOT) acknowledges receipt on August 30, 2021 of a non-binding letter from Wyloo Metals ("Wyloo"). The letter describes Wyloo's interest in potentially acquiring all of the common shares of Noront that Wyloo does not currently own, subject to a number of conditions, including due diligence, and negotiating and executing a definitive arrangement agreement. Responding to the Wyloo Proposal Noront is party to a July 27, 2021 suppor...
Noront Responds to Wyloo Statement and Reiterates Support of BHP Offer
Noront Responds to Wyloo Statement and Reiterates Support of BHP Offer TORONTO, Aug. 20, 2021 (GLOBE NEWSWIRE) -- Noront Resources Ltd. (TSXV: NOT) (“Noront” or the “Company“) is responding to the statement issued by Wyloo Metals Pty Ltd (“Wyloo”) yesterday, in order to clarify several of Wyloo’s misleading statements relating to the proposed acquisition of Noront by BHP Western Mining Resources International Pty Ltd (“BHP” or the “Offeror“), a wholly owned subsidiary of BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale“). Noront reiterates its support of BHP’s offer to acquire the shares o...
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