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Wyloo takeover target refuses loan, launches raising

Noront cites "immediate need" for funding

Kristie Batten
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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