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: june 30 2018

 

How much protection does this afford us?  &  Was this clause reconfirmed by shareholders in the 2013 Annual General Meeting?

Does anyone have any idea before I search exhaustively. 

TM. 

http://norontresources.com/noront-resources-adopts-shareholder-rights-plan/

 

Noront Resources Adopts Shareholder Rights Plan

09/10/2010 00:00 EST

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Symbol: NOT:TSX-V
Shares Outstanding: 176,058,641
Fully Diluted: 187,042,368

TORONTO, Sept. 10 – Noront Resources Ltd. (“Noront” or the “Company”) (TSX Venture: NOT) announced today that it has entered into a shareholder rights plan (the “Plan”), subject to all necessary regulatory and shareholder approval. The Plan is designed to ensure that the Company’s shareholders are treated fairly in the event of a take-over bid for the Company’s common shares and that the Company’s Board of Directors and shareholders will have adequate time to evaluate any unsolicited take-over bid and, if appropriate, to evaluate and pursue other alternatives to maximize shareholder value.

The Plan was not adopted in response to any actual or threatened take-over bid or other proposal from a third party to acquire control of the Company.

The Plan is effective as of September 9, 2010 (the “Effective Date”). The Plan has received the approval of the TSX Venture Exchange, which is conditional upon the Company’s shareholders confirming the Plan at the annual general and special meeting of shareholders to be held on October 19, 2010. If approved by shareholders, the Plan will be in effect until the sixth anniversary of the Effective Date, but must be reconfirmed by shareholders at the 2013 annual general meeting.

At the close of business on the Effective Date, one right (a “Right”) will be issued and attached to each common share of the Company outstanding at that time. A Right will also attach to each common share of the Company issued after the Effective Date. If shareholders do not confirm the Plan at the upcoming general meeting, the Plan and the Rights will terminate and cease to be effective.

The Plan is similar to shareholder rights plans recently adopted by several other Canadian companies. The Plan is not intended to block take-over bids. The Plan includes “Permitted Bid” provisions which will prevent the dilutive effects of the Plan from operating if a take-over bid is made by way of a take-over bid circular that, among other things, remains open for a minimum of 60 days and is accepted by a specified proportion of the common shares held by independent shareholders. The Plan will be triggered by an acquisition, other than pursuant to a Permitted Bid, of 20% or more of the outstanding common shares of the Company

Wesley (Wes) Hanson
President & Chief Executive Officer

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