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Norra Metals Corp V.NORA.H

Alternate Symbol(s):  NRRMF

Norra Metals Corp. is a Canada-based precious and base metals exploration company. The Company’s principal business activities include the acquisition and exploration of resource properties. Its Norwegian assets include the Bleikvassli polymetallic, zinc-copper-lead-silver underground mine project and the Meraker copper-zinc- gold exploration project. It also holds a 100% interest in the Pyramid copper-gold porphyry project located in Northwest British Columbia. The Pyramid Property is located approximately 65 kilometers (kms) north of Dease lake in north-west British Columbia. The Company’s Bleikvassli property is composed of the last copper-zinc-silver-gold producing mine across six contiguous exploration licenses totaling 60 square kilometers (sq.km) of area in the Hemnes Municipality of the Nordland Fylke Province of Norway. The Meraker property is composed of approximately 21 contiguous mineral licenses totaling 206 sq. km in the Meraker municipality of Trondelag County, Norway.


TSXV:NORA.H - Post by User

Norra Metals Corp
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Comment by YeOldGoldNuggeton Jul 06, 2011 10:20am
344 Views
Post# 18800563

RE: RE: RE: RE: RE: devji sells more

RE: RE: RE: RE: RE: devji sells moreI aim to please flymar ;-)

As to your question, he will not lose his options if the company is sold. The options are like a contract that have to be honored. Now either he exercises his options before the take-out comes into full effect or he waits and lets the takeover buyer honor the agreement.

They still have to make an offer for all outstanding shares, so that includes options, warrants and the likes.

Worse would be if a take-over offer would come that lies below the strike price of the options.

YeOld
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities