Agoracom: Small Cap Investment - Noront Resources

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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Luk

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New poison pill?

posted on Nov 23, 2009 09:19AM

From the Freewest NR: "The Arrangement Agreement with Cliffs contains,... the payment by Freewest to Cliffs of a termination payment equal to C€6 million if the transaction is not completed as a result of a superior proposal, and in certain other circomstances."

After the termination of the former SRP-poison pill it looks to me if Wes has found another serious poison pill. If I understand this correctly, I have to say: Nice move, Wes! Noront's legal department has something new to chew on.

And what could be "certain other circomstances"?

Luk

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