Re: Is NOT protected?

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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Notie Girl

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Re: Is NOT protected?

in response to

Is NOT protected?

jacki79

posted on Dec 01, 2009 11:54PM

Jackie,

Noront has a poison pill put in place from the Richard Nemis days. The shareholders rights plan is only used if management deems a takeover to be unfriendly and wishes to use it. If an offer comes into play that management suggests is friendly, in their opinion, it will not be utilized no matter whether the shareholders agree or not! Not every takeover offers a vote to shareholders as to that decision of acceptance.