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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Front Page of Stockhouse under breaking news

posted on Oct 09, 2008 01:27PM

Noront Takeover Battle Brewing?

Hedge fund starts proxy fight

Noront Resources (TSX: V.NOT, Stock Forum) Thursday announced that hedge fund manager Rosseau Asset Management, together with its officers and employees, which owns or exercises control and direction over about 9.2% of Noront's common shares, has filed a dissident's proxy circular in which they ask Noront shareholders to vote against the re-election of the company's current Board of Directors and instead vote to elect a new slate of directors at the upcoming annual and special meeting of Noront shareholders scheduled to be held on October 28, 2008. Noront stock popped 26% to $1.20.
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