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: News Cliffs raises the take
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News Cliffs raises the take

posted on Dec 10, 2009 10:12AM

I guess NOT needs to pull out an ACE now!

Freewest Announces Increase in Purchase Price to C$1.00 Per Share for Acquisition by Cliffs Natural Resources Inc.

- Each Freewest shareholder to receive C$1.00 in shares of Cliffs, placing a value on Freewest of approximately C$240 million - Amended transaction represents a 217% premium to Freewest's closing price on October 2, 2009, immediately prior to the announcement of the unsolicited offer by Noront Resources Ltd., and a 13.6% premium to Freewest's closing price on December 9, 2009 - In order to provide certainty to Freewest's shareholders, Cliffs will convert to a C$1.00 per share take-over bid for Freewest if Noront acquires more than 12.5% of Freewest shares - Freewest Board of Directors unanimously supports amended Cliffs transaction

http://www.globeinvestor.com/servlet/story/CCNM.20091210.573581_1/GIStory/

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