High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire"

NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

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Message: Freewest surrender of shares.

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Re: Freewest surrender of shares.

in response to Freewest surrender of shares. by goldfinger

posted on Nov 06, 09 08:45PM

One of the conditions of the offer is 66 2/3 % of FWR shares must be tendered. Not has the right to refuse to take up any unless 66 2/3% are tendered, but NOT can waive this condition and take up any or all received, and proceed with a minority takeover.

Noront Offer to Purchase Oct 13, 2009
pg 16

Conditions of the Offer
Noront reserves the right to withdraw or terminate the Offer and not take up or pay for any Common Shares deposited under the Offer unless the conditions described under "Conditions of the Offer" in Section 4 of the Offer to Purchase are satisfied or waived by Noront at or prior to the Expiry Time.

IMO

Regards

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