this is from the news release one year ago
TORONTO, Oct. 29 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to provide the following comments in response to the Directors' Circular filed on October 27, 2009 by Freewest Resources Canada Inc. ("Freewest").
- Freewest shareholders will benefit from a full and fair value and a
significant implied premium;(LIE)
- All shareholders will participate in Noront's high-grade nickel
copper discoveries;(no discoveries yet)
- All shareholders will benefit from a larger more robust chromite
asset(not interested in chrome anymore..big change in a year);
- Shareholder value will be enhanced through common infrastructure and
operational efficiencies;
- All shareholders will benefit from Noront Management's demonstrated
global project development expertise(how are your exploring expertise?);
- All shareholders will benefit from a fully funded treasury and not be
subject to near term dilution(are you serious?);
- All shareholders will benefit from improved stock liquidity(volume today is 90k.lol);
- Discrepancies between the disclosure of the Freewest Shareholder
Rights Plan in the Freewest management proxy circular, compared to
the Plan itself, call into question the validity of the shareholder
approval obtained.