First Nickel Inc. FNKLF

RE: fni TA

[kirkland49]

I don't think they quite have the right to "buy it back"... "Under the terms of the Asset Purchase Agreement First Nickel will (i) grant to Falconbridge a back-in right to re-acquire a 51% interest in the Lockerby Mine in the event that Falconbridge determines that newly discovered mineral resources contain greater than 150 Million lbs of nickel equivalent by funding 200% of First Nickel’s cash exploration expenditures on such resources, upon which a joint venture shall form with Falconbridge as operator; (ii) assume the sole responsibility and shall indemnify Falconbridge in respect of any future remediation or reclamation obligations or other environmental related costs or liabilities related to the Lockerby Mine; (iii) grant to Falconbridge a right of first refusal whereby, should First Nickel receive a bona fide third party offer for the purchase of all of its interest in the Lockerby Mine," That is what they do have... Kirkland49