Agoracom: Small Cap Investment - Noront Resources - Re: Entitled to Exercise - automatic?

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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Old Joe

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Re: Entitled to Exercise - automatic? - QQ

in response to

Re: Entitled to Exercise - automatic?

QQ_Girl

posted on Mar 11, 2008 01:15PM

Yes the wording is different. And the conditions are likewise different.

True that NOT all Warrants are equal. Each issue of Warrants is subject to the conditions attached to that issue. The current Warrants would have been Tradable after June 07, 2008 had they NOT Expired prior to that date.

Are the current Warrants now automatically Called due to the SP having closed at or above $6.00 for 10 consecutive trading days. The wording does suggest this. Thus, Noront may NOT need to give the CALL notice. To be sure on this it would be safe to make a phone call to the Noront Office so as to have the matter crystal clear. Always better to be ABSOLUTELY SURE and NOT risk being dissapointed.

As I typically do NOT call the Noront Office, is there any regular phone contact person here willing to call on our behalf and post the response for all to read?