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.)

Worried about a future takeover, Maple Leaf Foods is trying to implement a shareholder's rights program:

"If triggered, the plan would entitle a rights holder, other than the acquiring person and related persons, to purchase voting common shares or non-voting common shares at a 50 per cent discount to the market price at the time"

Some people on this forum suggest that NOT is trying to "Fly under the radar to avoid becoming a takeover target by not releasing news". The approach that Maple Leaf is taking seems to genuinley protect minority shareholders against a takeover.... I'm not sure that is really what NOT wants

http://ca.news.finance.yahoo.com/s/30062010/2/biz-finance-teachers-won-t-swallow-maple-leaf-s-poison.html

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goFWR
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Noront Resources
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