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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what is a standstill agreement?

Noront Resources

almost 9 years ago

Winterbaron posted this on SH:

What does KWG "Standstill Agreement" really mean?

DEFINITION OF 'STANDSTILL AGREEMENT'

1. A contract that stalls or stops the process of a hostile takeover. The target firm either offers to repurchase the shares held by the hostile bidder, usually at a large premium, or asks thebidder to limit its holdings. This act will stop the current attack and give the company time to take preventative measures against future takeovers.

2. An agreement between a lender and borrower in which the lender stops demanding therepayment of the loan. A new deal is negotiated, usually altering the loan's original repayment schedule. This is used as an alternative to bankruptcy or foreclosure when the borrower can't repay the loan.