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

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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khareema

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Re: Entitled to Exercise - automatic?

in response to

Re: Entitled to Exercise - automatic?

Sum4All

posted on Mar 11, 2008 04:13PM

Mr Nemis did state during his ring of fire luncheon speech that they were expecting that these warrants would be accelerated. If it is necessary to announce the acceleration they will do it tomorrow. If not, the accelaration will be automatic.

These warrants did have the potential to create shorting problems for us after June 07. Now instead they should assist in driving the share price up short term. This just one more positive indicator to add to all the other news that is imminent.