The largest shareholders of companies...Rule.

If you don't like what the directors or management are doing, you  can start a proxy war.

Like Waterton did over at Hudbay recently.

But getting back to Noront, RCF, Franco Nevada.

Here is the link to the deal that was done between Franco and Noront back in 2015

http://norontresources.com/noront-announces-granting-of-approval-and-vesting-order-and-closing-of-the-acquisition-of-cliffs-chromite-assets/

"To finance the transaction, concurrently with the execution of the revised share purchase agreement, Noront entered into an amended and restated loan agreement (the “Loan Agreement”) with Franco-Nevada through which Franco-Nevada will loan US$25 million to Noront for a five-year period at a 7% interest rate with interest to be accrued and paid at the end of the loan term. In return, Franco-Nevada will receive a 3% royalty over the Black Thor chromite deposit and a 2% royalty over all of Noront’s property in the region with the exception of Eagle’s Nest, which is excluded. The Loan will be secured against the CCOI and CCFNI assets acquired in connection with the Transaction. In addition, Noront will receive from Franco-Nevada US$3.5 million in cash consideration as part of the granting of the royalty over the existing Noront property. The Loan proceeds and a portion of the royalty payment were used to fund the acquisition price of the Transaction"

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"someone" noront related....invited Franco to the table to do this deal. Franco Nevada has a stellar reputation.

The deal given to Franco would have had to have been approved by the largest shareholder of Noront at the time.

That being RCF.

BUT, at the SAME TIME, the largest shareholder over at Franco at the time would have had to be ok in doing that deal with Noront.

And the largest single shareholder at Franco Nevada back in 2015 was....BLACKROCK capital with a  12.65%  ownership. A total of 19,791,108 shares. 

You can find this info on Sedar: Notice of Management Information Circular dated April 20 2015

page 7 of 65

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When you read the below from Larry Fink, Black Rock....Noront is the POSTER CHILD of Social Responsibility.

https://www.dw.com/en/larry-fink-calls-on-ceos-to-realize-their-companies-social-responsibility/a-42279452