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: If NOT obtains >34% of FWR

Would NOT have to announce in a PR if they had been buying up FWR shares in the open market the past few months?

I thought I recall reading where NOT would not be allowed to purchase more than 5% of FWR shares when this whole deal started, so would that imply that we can assume NOT owns 4.9% to tender to themselves?

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