Noront Resources Ltd. V.NOT

Primary Symbol: NOSOF

Metals & Mining Industrial Metals & Minerals

Noront Resources Ltd is a mining company. It is engaged in the exploration, development, and acquisition of properties prospective in base and precious metals, which includes nickel, copper, platinum group metals, precious metals, chromite, and vanadium. The company's developmental project consists of Eagle's Nest nickel-copper-platinum-palladium deposit, deposits of high-grade chromite and copper-zinc volcanic massive sulphide deposits which are part of the company's McFauld's Lake Project. Its assets are located in the area known as the Ring of Fire in the James Bay Lowlands, Ontario.

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Noront Resources Ltd. > Is there a lawyer in the house?

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Comment by Dragon23on Dec 16, 2021 9:44pm

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Post# 34239248

RE:Is there a lawyer in the house?

Not a lawyer, but I believe the short answer is no. Either suitor needs to obtain 50% of the shares that they do not have control over. In the case of BHP and the lock-up agreement with the BOD, they could not count those as part of the required 50%.

I assume the same thing for any agreement re Wyloo shares , as they would be now under the 'control' of BHP.

Interesting times. Not quite over yet IMO.

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