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: Baosteel?
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Thanks for clearing this up. Baosteel can ,by agreement, starting may 2/2012

increase their holdings in Noront to 19.9%.They have one year to accomplish this.

What is not clear to me is how do warrants affect the percentages.

Maybee you can shed some light on subject.

Thanks,

Fossil.

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