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: Noront and Wyloo Metals Amend Arrangement Agreement Following Regulatory Review

I don't read it that way Hobbit.  You can elect to stay with them but if you choose not to and there is less than 20% who do, then all remain non-election shares are deemed to have accepted the cash offer.  Elect the retention and you get to ride along.

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