Increase ownership to 19.9%

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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BigD70

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Increase ownership to 19.9%

posted on Nov 07, 2014 09:53AM

Does Noront will resubmit a news release similar of the one in june 2011 ?

are you remember,

http://www.newswire.ca/fr/story/731177/baosteel-resources-completes-strategic-investment-with-noront

"The definitive agreement executed between Baosteel and the Company provides Baosteel with the right to nominate one individual to the Noront Board of Directors, a right to increase their ownership in Noront to 19.9% for a one year period commencing on May 2, 2012 and a standstill provision which expires on May 2, 2013. Baosteel has also been granted a 90-day exclusivity period to negotiate a direct property interest and/or off-take agreement with respect to any of Noront's properties with such exclusivity period to commence any time prior to production at Noront's discretion."

Once they Noront get EA approved, Why wouldn't Boastell ressource want to Proceeds of a strategic investment in mutilpe million of shares?

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