Confused

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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Confused

posted on Sep 06, 2021 05:25PM

When you read the following statements from the release....

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Wyloo Metals Pty Ltd (“Wyloo Metals”) confirms it submitted an Arrangement Agreement to the Board of Noront Resources Ltd (TSXV:NOT) (“Noront”) for consideration on September 3, 2021

Wyloo Metals received a revised confidentiality agreement from the Noront Board on August 31, 2021.

While Wyloo Metals’ preference would be to conduct confirmatory diligence as would be customary, rather than subjecting itself to a gag order, Wyloo Metals intends to proceed directly to the finalization of transaction documentation.

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1 Does this mean the Arrangement Agreement is the 70c offer and it has been submitted on Sept 3?

2 Is 'transaction documentation' the same as 'arrangement agreement'?

3 Does this mean the ball is in Noront's court to show the 'offer' to us shareholders?