BHP encourages Noront shareholders to tender their shares before November 9

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Beleggingsadvies 29/10/2021 07:13

The BHP offer is the only offer available to shareholders

BHP’s all-cash offer to Noront shareholders of C$0.75 per share represents 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 to receive the premium cash consideration offered. Only those who tender their shares will receive the cash consideration.
Noront shareholders should tender well ahead of expiry on November 9, 2021 to ensure the BHP offer succeeds. Shareholders should be aware of the time required to tender their shares through their applicable brokerage account and should confirm their specific deadline. It is encouraged that Noront shareholders tender their shares by November 5, 2021 to ensure that their shares are tendered on time. For more information visit
For help tendering your shares, contact Kingsdale Advisors at 1-866-581-0512 or
Melbourne, Victoria – October 28, 2021 – BHP Lonsdale Investments Pty Ltd (“BHP Lonsdale”), a wholly owned subsidiary of BHP, encourages Noront Resources Ltd. (TSXV:NOT) (“Noront”) shareholders to tender to BHP’s all-cash offer for Noront shares of C$0.75 per share (the “Offer”). Shareholders should tender well ahead of expiry at 11:59 p.m. (Toronto Time) on November 9, 2021 to ensure the BHP Offer succeeds.

BHP Chief Development Officer, Johan van Jaarsveld, said: “Our higher all-cash offer is the only offer on the table. There is no guarantee any other offer will be forthcoming following the expiration of our offer. Shareholders who choose not to tender to BHP’s offer today should consider the significant risks of remaining invested in Noront, which include complex project execution, development of remote infrastructure, and substantial funding requirements that are likely to result in material dilution for Noront shareholders. We remind shareholders that Noront was trading at C$0.24 before any offers were made. We urge shareholders to tender well ahead of the deadline of November 9, 2021 to ensure the offer succeeds.”

Noront shareholders considering whether to tender their shares to the BHP offer should understand the following points:

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