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: Re: Retail shareholders-can we unite again?

Glorieux - I clicked on your post, in agreement of banding together to accomplish whatever we can do. However, in terms of thwarting a future Private Placement, I don't know how much we can do in that regard. I believe it is within the discretion of the Board of Directors (without having to put it to a vote of the shareholders) to do a Private Placement. I know that we could communicate our desires not to do such a Private Placement to the 3 Directors that RN chose, in hopes that they would vote against such a Private Placement. But I do not know of much else we could do. Do you have any other ideas?

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