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Noront Resources Ltd. V.NOT


Primary Symbol: NOSOF

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.


OTCPK:NOSOF - Post by User

Comment by OnceAGeoon Sep 21, 2021 6:50pm
105 Views
Post# 33896357

RE:BHP Deadline Date?

RE:BHP Deadline Date?From page 27 of the offer.

"2. Time for Acceptance
 
The Offer is open for acceptance from the date of the Offer until 11:59 p m. (Toronto time) on November 9, 2021, or such later time or times and date or dates as may be fixed by the Offeror from time to time pursuant to Section 5 of the Offer to Purchase, “Extension, Variation or Change in the Offer”, unless the Offer is withdrawn by the Offeror. Noront has agreed to issue a deposit period news release upon request from the Offeror to reduce the initial deposit period to as few as 35 days from commencement, a right which the Offeror currently intends to exercise. The Offeror will ensure that there remain at least 10 days prior to the expiry of the initial deposit period at such time as it exercises its right to shorten the initial deposit period.
 
If the Offeror takes up Common Shares validly deposited under the Offer and not properly withdrawn immediately after the expiry of the initial deposit period, the Offeror will extend the Offer for the Mandatory Extension Period. The Offeror may also extend the Offer for one or more Optional Extension Periods following the Mandatory Extension Period. See Section 6, “Take-Up of and Payment for Deposited Common Shares”.
 
Shareholders whose Common Shares are registered in the name of an investment advisor, stockbroker or other nominee should immediately contact that nominee for assistance if they wish to accept the Offer in order to take the necessary steps to be able to deposit such Common Shares under the Offer. Such nominees or other intermediaries may establish deposit cut-off times that are prior to the Expiry Time. Shareholders must instruct their nominees promptly if they wish to deposit their Common Shares."

The reality is that if you want to cash out your shares you are better off selling them on the market for currently $0.80 then to tender them to BHP for $0.55.

... Been There
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