Noront Reaches Agreement with Wyloo Metals to Acquire Noront for C$0.70 Per Share
Noront Resources Ltd. today announced it has settled the terms of a proposal from Wyloo Metals Pty Ltd. and Wyloo Canada Holdings Pty Ltd under which Wyloo Metals would acquire up to 100% of the common shares of Noront for C$0.70 in cash pursuant to a statutory plan of arrangement under the Business Corporation Act . The consideration of C$0.70 in cash per share under the Wyloo Offer represents a 192% premium to ...