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: Re: non-dilutive $15 million financing
16
Feb 26, 2013 04:07PM

RCF % ownnership will be closer to 21.x %; and cost of loan will be apprx. 1.8M shares....... i think.

Thanks Peter...........And the alternative? To raise $15Mill at todays price of $0.255 they would

need to dilute by hefty 60Million shares.They can count on my support on this deal.

And for those that are substantially out of Noront.....well.

GLTA,

Fossil

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