Question: If RCF received more shares of NOT to cover loan arrangements would that not have been immediately disclosed upon receipt. Could it be possible that a private placement may have covered this money owing?

Good morning Tin Man......I'll answer second question first. Jan 15/14 RCF acquired

2,104,398 Noront shares @ $ 0.189 as an interest payment on a bridge loan that was

( if not repaid by Feb25/14) rolled into convertible loan. It was not a private placement.

It covered interest for a quarter ending Dec 31/13.

Your first question regarding reporting acquisition of additional interest shares is valid.

If convertible loan is still in force, next interest payment will be made on April 15/14.

Average price for those shares is being determined right now, 20 trading days ending on

March 31/14. Interest for roughly 2 months will be at 10% annually and a final month will be at 8%

annually.

GLTY and all

Fossil.