Agoracom: Small Cap Investment - Noront Resources - Re: Noront Resources offer unchanged - Urges all Freewest Shareholders to tender sha

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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Francis Dube

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Re: Noront Resources offer unchanged - Urges all Freewest Shareholders to tender sha

in response to

Noront Resources offer unchanged-Urges all Freewest Shareholders to tender sha

QQ_Girl

posted on Dec 04, 2009 04:22PM

These tax implication are very serious, how could FWR just dismiss Warren when he asked about that:

Based on tax advice obtained by Noront, the Cliffs' revised Offer
will be fully taxable to Canadian Freewest shareholders and
therefore, the capital gains tax impact to each Freewest shareholder
should be considered when comparing the Noront Offer with the revised
Cliffs' offer. For example, if a Freewest shareholders' original
purchase price was C$0.27 (the average Freewest share price during
the months of June and July, 2009) and if such Freewest shareholder
has a marginal tax rate of 43.4%, the actual implied value of
Cliffs' revised offer is only C$0.76 per Freewest share;