-Fancamp

The Company held 10,268,334 common shares Champion Iron Mines Ltd. at October 31, 2017 (2016 – 10,268,334 common shares). These common shares were valued at a per share quoted market price of $1.04 at October 31, 2017 (2016 - $0.25). 10,266,667 common shares of Champion Iron Mines Ltd. are subject to a voluntary restriction on transfer until May 17, 2018 and are therefore classified as long term

-Champion Iron Mines Ltd.

On December 20, 2013, the Company waived its right of first refusal to allow Fancamp to sell its interest in the Lac Lamêlée Property to Lamêlée Iron Ore Ltd. (formerly Gimus Resources Inc.)(“Lamêlée”). In consideration for the waiver, the Company received 2,000,000 common shares of Lamêlée with a fair value of $240,000 and 4,000,000 common shares of Fancamp with a fair value of $200,000 (“Fancamp Shares”). The Fancamp Shares will be subject to the existing reciprocal rights agreement governing certain investor rights and obligations between the Company and Fancamp, including the provision that the Company and Fancamp will each be restricted from transferring securities of the other until May 17, 2018, after which time transfers will be permitted subject to certain restrictions

-Ontario’s next election will be June 7, 2018 

-June 8-9.... G7 Summit in Le Manoir Richelieu in La Malbaie, Quebec

-Noront Debt arrangements

The Convertible Debenture may be converted into common shares of the Company at the option of RCF V at a price of $0.34 cents per share at any time prior to June 30, 2018