There are a Few Game Players forgetting the following:

Noront and Freewest reach agreement on Shareholders Rights Plan - Freewest waives application of the Plan to Noront's Offer

    <<
                      Symbol:              NOT:TSX-
                      Shares Outstanding:  163,631,957
                      Fully Diluted:       173,461,957
                      >>
                  

TORONTO, Nov. 12 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) announces that it has reached an agreement with Freewest Resources Canada Inc. ("Freewest") whereby Noront will extend its Offer of 0.25 of a Noront common share and C$0.0001 in cash for each Freewest common share until 5:00pm (Toronto time) on December 1, 2009, and terminate its application to the Bureau de Décision et de Révision en Valeurs Mobilières for a cease-trade order in respect of Freewest's Shareholder Rights Plan. In exchange, Freewest has agreed to waive the application of its Shareholder Rights Plan to Noront's Offer.

Wes Hanson, President and CEO of Noront stated, "Under the agreement reached today between Noront and Freewest, we have agreed to extend our Offer until December 1, 2009 and Freewest has agreed to waive effective immediately at 5:00 p.m. on December 1, 2009 the application of the Shareholder Rights Plan to our Offer.