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: $6M -> $8.45M
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Mac Watson: "It's huge dilution. I don't quite understand it really,"
11
maximizethis
Dec 01, 2009 09:05AM
Re: Mac Watson: "It's huge dilution. I don't quite understand it really,"
12
Bishop69
Dec 01, 2009 09:44AM
Re: Mac Watson: "It's huge dilution. I don't quite understand it really,"
3
curt22go
Dec 01, 2009 09:55AM
Re: Mac Watson: "It's huge dilution. I don't quite understand it really,"
6
Bishop69
Dec 01, 2009 10:00AM
Not So Huge
3
esterbinki
Dec 01, 2009 10:49PM
Re: Not So Huge
3
esterbinki
Dec 03, 2009 09:26AM

As an opportunistic "3rd party" in this dance (IMO, FWR BOD approached CLF for some
fiduciary help), CLF has extracted another pound of flesh with the increase in the break fee $6M -> $8.45M "in certain other circumstances". And a case might be made for CLF tendering its shares to NOT "in certain other circumstances".

Regards

"As previously announced, the Arrangement Agreement with Cliffs, as amended, contains, among other things, a non-solicitation covenant by Freewest, subject to customary provisions that entitle Freewest to consider and accept a superior proposal; a right in favour of Cliffs to match any superior proposal; and the payment by Freewest to Cliffs of a termination payment equal to C$8.45 million if the transaction is not completed as a result of a superior proposal, and in certain other circumstances."

1 Recommendations
Re: $6M -> $8.45M
4
Edgy
Dec 03, 2009 10:27AM
The Project development milestones
5
esterbinki
Dec 03, 2009 11:55AM
2 Extra Days to Tender
3
esterbinki
Dec 03, 2009 04:01PM
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