FWR NEWSThis will be interesting!
"MONTREAL, QUEBEC--(Marketwire - Nov. 11, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has entered into a Confidentiality and Exclusivity Agreement with a third party. The agreement provides, in effect, that subject to certain exceptions, Freewest will negotiate with the third party on an exclusive basis until December 1, 2009.
Freewest and its financial and legal advisors have been working with the third party and its advisors to determine whether they can agree on mutually-acceptable transaction terms, and have discussed confidential non-binding terms of a potential transaction. These discussions are ongoing.
The Confidentiality and Exclusivity Agreement follows the unsolicited all-share offer made on October 13, 2009 by Noront Resources Ltd. for the outstanding shares of Freewest. Freewest can give no assurances that it will enter into a definitive agreement with the third party or that a transaction with the third party will ultimately be completed."
TW