HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Perma Bulls

From what I have read about the poison pill, it will dilute the group trying to take over by offering all other shareholders new shares at 50% of the current share price.  With this dilution, it will be much harder for them to acquire enough votes for the take over.  So it is not only a delay tactic but a dilution tactic that would cause the take over group to lose their percentage of ownership.  this makes it very unlikely that someone would try this.

Glorieux

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