Election Only Required For Any Shareholders Wishing to Retain Shares: Only shareholders of the Company ("Shareholders") who wish to retain all or a portion of their common shares of the Company ("Common Shares"), and remain as Shareholders following the completion of the Arrangement, are required to make an election to retain their Common Shares (the "Retention Election"). Such Retention Elections are due no later than the 10th day following the Interim Announcement
Noront will announce (the "Interim Announcement") the number
In order to provide Shareholders with greater transparency on the status of the Retention Elections, Noront will announce (the "Interim Announcement") the number of Retention Elections received, on an interim basis, as of 5:00 p.m. (Toronto time) on the business day prior to the date of the special meeting of Shareholders scheduled for March 15, 2022 (the "Meeting"). The Interim Announcement will form part of Noront's announcement of the voting results of the Meeting. Following such Interim Announcement, Shareholders will be provided with an additional 10-day period to make additional Retention Elections or withdraw any previously-delivered Retention Elections.