Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: Why wouldn't NOT consider taking all of the avail shares being financed

Why wouldn't NOT consider taking all of the avail shares being financed

posted on Sep 24, 2008 04:15PM

NOT were supposedly interested in JV late last year and if they really wanted a piece of what might be on FNC claims they could grab all of the shares being offered for about $2,000,000. They have the cash and this would give them 10-15% interest in FNC with option to excercise warrants to run interest up to 15-20%.

If FNC were to hit and NOT have that chunk of the company in the bag, the scenario could simplify a major moving in to control a large piece of McFaulds.

just food for thought

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