The part about Noront.....interest twist on Noront repurchasing the 75% for them from Eagle Hill.

Agreement to Acquire 25 Percent Interest in the Windfall Lake Project
Dr. Carr stated: "The Noront Transaction is a key milestone in consolidating Windfall Lake and, together with the Comtois Project, is expected to deliver substantial capital and operational savings."

Maudore has signed a purchase and sale agreement with Noront (the "Noront Agreement") to acquire Noront's 25 percent interest in the Windfall Lake Project.

Maudore has agreed to pay Noront a sum of $10 million in cash plus three million warrants which entitle Noront to purchase common shares of Maudore on a one-to-one basis, such warrants having an exercise price of $2.20 per common share of Maudore (being the closing price of common shares of Maudore on December 4, 2012) and expiring at 5:00 PM (Toronto time) on December 4, 2013. Maudore will, subject to certain conditions, pay to Noront an additional amount in the event that Maudore acquires, directly or indirectly, Eagle Hill's 75 percent interest in the Windfall Lake Property by way of merger or other acquisition of all issued and outstanding common shares of Eagle Hill (the "75 Percent Interest") equal to the difference (if any) between (i) one third of the purchase price paid by Maudore for the 75 Percent Interest and (ii) $10 million. Consideration for the additional payment will be Maudore common shares.

Pursuant to the Noront agreement and subject to certain conditions, Maudore has the right to direct Noront to enforce its rights under the option agreement dated July 20, 2009 between Noront and Eagle Hill (the "Option Agreement") including its right to repurchase the 75 Percent Interest from Eagle Hill and transfer the 75 Percent Interest to Maudore, provided that (i) Noront agrees that the repurchase should be exercised; (ii) Maudore shall pay to Noront up to $6,000,000 at the time of completion of the repurchase; and (iii) no other consideration shall be paid by Maudore to Noront in connection with the repurchase and the transfer of the 75 Percent Interest to Maudore.

The Noront Agreement is subject to certain conditions. In particular, Maudore's obligation to purchase Noront's 25 percent interest in the Windfall Lake Project is subject to its acquisition of the 75 Percent Interest, or Noront obtaining the consent of Eagle Hill pursuant to the Option Agreement for the transfer of Noront's 25 percent interest and any required regulatory approvals, including that of the TSX Venture Exchange.