Noront Resources Ltd. V.NOT

probe mining? No wonder they

[don118]

couldn't handle this play. This is little update on our X jv partner and I would say thank you that they have realized they would not be able to handle a venture of this magnitude: TORONTO, May 4, 2007 (Canada NewsWire via COMTEX News Network) -- Avenue Financial Corporation (the "Company") (TSX Venture Exchange ("TSXV"): AFC) is pleased to announce that, at a special meeting held on May 2, 2007, its shareholders approved: << (1) the Company's agreement dated October 9, 2006 with Probe Mines Limited (a TSXV listed issuer trading under the symbol "PRB") (the "Transaction") under which the Company was granted the option to earn a 51% interest in the Tamarack Project located in the McFauld's Lake area, James Bay Lowlands, Ontario. The Transaction will be a change of business for the Company from the financial services industry to the junior natural resource sector. (2) The Company's change of name to Mantis Mineral Corp. (for which the trading symbol "MIN" has been reserved). (3) The sale of the assets from the Company's former financial services business. (4) The Company's debt and/or equity financing to raise up to $3,100,000. >> The equity portion of the financing will be by way of a non-brokered private placement for the issue and sale of Units, subject to TSXV approval. Each Unit shall be priced at $0.11 per unit. Each unit shall consist of one (1) common share of the Corporation ("Common Share"); one (1) non-flow-through common share purchase warrant ("NFT Warrant") entitling the holder to acquire one (1) Common Share (a "NFT Warrant Share") at a price of $0.10 per NFT Warrant Share for a period of 24 months from the date of issue; one (1) Common Share to be issued as a "flow-through share" (as defined in subsection 66(15) of the Income Tax Act (Canada)) ("Flow-Through Share"); and one (1) flow-through common share purchase warrant ("FT Warrant") entitling the holder to acquire one (1) Flow-Through Share (a "FT Warrant Share") at a price of $0.12 per FT Warrant Share for a period of 24 months from the date of issue, subject to TSXV approval. These securities are subject to a four-month hold period from the date of issuance of the securities. Completion of the Transaction is subject to TSXV approval. So before they were a financial services company with little or no experience. As is stated in Not's recent NR, this is a project of huge magnitude. Also, by the way NOT has jumped in and perchased surrounding claims tells me that the Geophysics (flyovers) have told them a great deal and NOT is more than happy to get this property back. There are also other potential partners as is stated in the NR. When you read the NR very carefully, you realize how good this news is and then you begin to wonder why this good news is twisted in a negative way. IMHO, investors just don't read carefully or perhaps they don't understand what is being said or how to read between the lines.............Don