Freewest rejects chromite bid

By Jessica Roberts
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 “financially inadequate”.


“The board fails to see how the Noront offer...

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