Noront chromite offer rejected

By Mark Watts
Published: Wednesday, 09 December 2009

Chromite group recommends shareholders accept takeover bid from Cliffs

Canadian chromite exploration group, Freewest Resources Canada Inc., has rejected the latest takeover bid from Noront Resources Ltd, calling the offer “inadequate”.


The company maintained its shareholder recommendation to accept an improved offer from the US group Cliffs Natural Resources Inc.

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