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: Is it an offer or NOT?
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Aug.30 - Wyloo has submitted an acquisition proposal to NOT.

Aug.31 - BHP gives NOT consent to remove the standstill clause from a confidentiality agreement to Wyloo allowing Wyloo to complete due diligence and decide whether or not to make a binding offer.

"Wyloo Metals has requested from the Noront Board a modest period of time in which to conduct confirmatory due diligence, which Wyloo Metals intends to complete in parallel with the finalization of transaction documentation."

This is where it stands, the difference being an aquisition proposal vrs. a binding offer.

 

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