Ni, Co, Cu, PGM, Au Properties in Ontario Canada

Producing Mines and "state-of-the-art" Mill

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Message: A question on the IBA

A question on the IBA

posted on Jan 03, 2009 02:51PM

"On April 15, 2008 the Company announced that it has signed an Impact Benefit Agreement with the Mattagami, Matachewan and Wahagoshig First Nations covering the Company’s properties in the Shaw Dome Nickel Belt. The agreement includes provisions for job training, employment, scholarships, business relationships and financial participation in community development projects. It also streamlines exploration and permitting of economic deposits through direct consultation and input from the First Nation members. On signing the agreement the Company issued 999,999 common

shares valued at $909,999 based on the closing price of the Company’s common shares on April 15, 2008."

Does anyone know if these shares were free trading on issue or were time restricted shares with a certain hold period?

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