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 here:
MELBOURNE, Victoria, Nov. 10, 2021 /CNW/ – 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 its potential support of BHP’s C$0.75 per share offer to acquire Noront Resources Ltd. To allow more time for those discussions to progress; BHP is extending 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. The earliest time BHP will be taking up Noront shares; under its offer, will be at the new expiry time.
BHP and Wyloo Metals have continued their conversations; and are considering a mutually beneficial arrangement regarding the acquisition of Noront by BHP. There is no assurance that, BHP and Wyloo Metals; could reach any agreement.
About BHP
BHP is a world-leading global resources company. They extract and process minerals, oil, and gas; with 80,000 employees and contractors; primarily in Australia and the Americas. They have products with solid worldwide; with sales and marketing led through Singapore and Houston, United States. Also, BHP’s global headquarters; are located in Melbourne, Australia. They have the Potash head office in Saskatoon; and their head office for metals exploration is in Toronto.
As a corporation, their purpose is to bring people and resources together; to build a better world. The strategy is to create value by growing our exposure; this to a portfolio of world-class, expandable assets in future-facing commodities.
