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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From news release

April 19, 2010

"Closing is anticipated to occur on or about May 12, 2010"(Great,so it might not be done)

And what does this paragraph have to do with todays trading?

"In addition, Noront has granted the Agents an over-allotment option to sell an additional 15% of the
Flow-Through Shares sold pursuant to the offering, at the issue price, exercisable at any time prior to
1 day before the Closing Date of the offering."

What does this mean?

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