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.

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Norra Metals Corp

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Post by Trappist1on Feb 13, 2013 10:51am

531 Views

Post# 20981121

Expect FR to increase its offer

The $2.70 CDE cash offer for OK is conditional and OK shareholders should better take the first but less attractive CDE option into consideration, namely 0.0815 CDE share for each OK share plus a $0.70 cash component.

FR would be able to match the CDE proposal, by adding at current stock prices (CDE 21.67, FR 18.51) $0.25 cash to its 0.1201 FR share for each OK share. This would costs FR $34mio in cash (has a good $70mio cash at hand)

The CDE offer stays vulnerable to a decrasing stock price, especially now short term support has given away at the $21.70 level

Expect Keith to increase his OK offer, as the company is a great strategic fit to FR and its management has a proven track record

Disclore: long FR

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