Freewest rejects chromite bid
Published: Tuesday, 03 November 2009
Board of directors says Noront’s $85m. offer is “financially inadequate”
The board of
directors of Canadian chromite developer, Freewest Resources
Canada Inc., has recommended that the firm reject the C$90m.
($85m.) hostile takeover bid from fellow Canadian chromite
company Noront Resources Ltd, calling the offer
The board fails to see how the Noront offer...