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: Re: Shares have officially been transferred to Wyloo

Although the BOD may deem the Wyloo offer "superior", presumably they wouldn't tender their shares to it since Wyloo has already said they plan to replace the BOD. Coutts would effectively be saying: "Please take my shares and fire me".

Aside from the two year severance pkg in the BHP offer, does Coutts, or the rest of the BOD, have a golden parachute in his/their contract(s) with Noront?

Hobbit

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