While Noront doesn't really have the cash in hand I think they would like to have the additional KWG shares and be able to pull the rug from under KWG when they fail to spend the other $2.2 mil required by Sept. 30th.

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tbs001...........as an investor in both FNC & NOT I can tell you that Noront has too many

things on it's plate to worry about pulling the rug from under KWG.

If KWG does not fulfill the obligation to expand required amount on Black Horse

by Sep/30/2016 they will loose it & BOL has a chance to JV untill March 31,2017.

Amount of 2.2 Million was lowered to 1.9 Million with latest extention of the Agreement.

As a KWG shareholder Noront will be a looser like the other KWG investors too.

GLTY and all,

Fossil