Re: If NOT gets 34% of FWR on DEC 1?

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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Edgy

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Re: If NOT gets 34% of FWR on DEC 1?

in response to

If NOT gets 34% of FWR on DEC 1?

curt22go

posted on Nov 24, 2009 08:19PM

Curt22, I do not understant your comment due to:

If less then 2/3 of the FWR shares are tendered then Noront can not take the shares and vote them because per Noront's own conditions, they will not have owneship of them. In that situation the shares are still owned by the original owner and revert to the shareholder. Read the "customary conditions of completion" in the offer ( 2/3 down in the document).

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