HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Closing of placement question
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Many private placements have an accelerated clause for the warrants.

The minimum timeframe for these warrants to be accelerated is 10 days (2 weeks of successive trading above $6.00) then 30 days after that, Noront can dictate that the warrants must be exercised within say the next month or two.

So we are looking at a minimum 10-14 weeks for for warrant funds to hit the coffers (once the 10 days straight above $6.00) is recognized).

 

Milsy1

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