Noront Resources Ltd. V.NOT

Mandatory extension rule

[stocksleuth01]

I believe any bid being made for Noront, as with most stocks in Canada, would be subject to the mandatory 10-day extension rule, which is applied to any succesful bidder. This means all holdout shareholders can still tender after the initial tender deadlines if the bid turns out to be successful. They simply tender within the extension period, which the successful bidder must legally honour.
Of course, if every shareholder waited to see what other shareholders decided, very few bids would ever be successful. It's just something to keep in mind.