Resource Capital Funds Provides Loan Facility to Noront
Noront Resources Ltd., a Toronto-based junior mining company, has entered into a US$15 million loan facility with Resource Capital Fund V LP, which is managed by US mining-focused private equity firm Resource Capital Funds (RCF). Proceeds from the facility will be used to further development of the company's advanced stage Eagle's Nest nickel, copper, platinum, palladium project in northern Ontario, and other requirements. RCF acquired an equity stake in Noront in 2012.
26 February 2013•5 mins read
