No such message found

Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

Free
Message: From Sedar early warning

NOT now holds 13.8% of KWG shares under a new subsidiary "Noront Muketei Minerals" known as "Noront Muketei".

These 111,733,215 shares were acquired from CLF and will be held as an investment, with no "current intention" to increase beneficial ownership or control.

Confidentiality agreements prevent disclosure of the amount paid.

Muketei River is a northern tributary of the Attawaspikat River, and so the name refers to the ROF region.

It is possible the intention is to separate NOT's chromite holdings from other assets to facilitate financing of development.

http://www.stockwatch.com/News/Sedardoc.aspx?docid=3362832

Probably you have to subscribe to stockwatch to use that URL, I tried to copy & paste but it didn't work well.

o
Pur
10
May 01, 2015 12:19PM
Share
New Message
Please login to post a reply