Noront Resources

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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Shareholder's protection plan

Noront Resources

about 16 years ago

It may be time to review this very important document. If someone could post the original wording that would be great. However, as I understand it, it gives every shareholder except the one trying to do a hostile take over the right to buy more shares from the company, diluting significantly the % of ownership of the hostile take over company and reducing their ability to pursue their endeavour in this fashion. I suspect at a valuation of $5, most shareholder's would step forward with additional funds to support the company.