Noront agreed to extend its offer to Dec. 1 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.

There has been a lot of speculation about a revised offer to be possibly tabled by Noront. With the offer from Cliff's, that the Freewest board of directors are supporting 100%, they may not be interested in waiving the SRP on a different offer from Noront.....regardless of the consequences.

I am a FWR shareholder and I would hope that their BOD, in looking after the shareholders best interests, would carefully review any further options presented.

As a Noront shareholder I hope that we receive news that will increase the NOT share price so that it makes the offer more attractive to FWR shareholders.

As a shareholder of both I am concerned that if FWR approves the offer from Cliff's that the FWR shareholder is not getting much value for their shares and I am also concerned that if Cliff's gains control of the FWR chromite that the Noront chromite deposits may be harder to market. Cliff's would have the higher grade ore and many years supply of it. Could be a lose / lose for both FWR and NOT but joined together I think both would prosper very nicely.