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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Major buy in question

posted on Oct 09, 2008 07:06AM

While I understand that in order to vote your shares, you had to be a shareholder of record on September 22, 2008.

My question to the forum is this:

If Noront was to announce a major buy in of say 15% (roughly 19.5MM shares) would this assist in the dilution of support for Rosseau?

Rosseau has stated that they have 30% support (generally 25% can carry) which would equate to 39MM shares. If a major was to buy in as per the above, would this dilute Rosseau's support to 26%?

Thanks in advance,



Milsy1



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