Published:
Freewest Announces Hearing on Shareholder Rights Plan
- Hearing scheduled for November 12 and 13
- Freewest to oppose application by Noront Resources for cease-trade order against Freewest's Shareholder Rights Plan
Freewest Resources Canada Inc. (TSX VENTURE: FWR) announces that a hearing before the Bureau de decision et de revision en valeurs mobilieres will be held on November 12 and 13, 2009 to consider an application filed by Noront Resources Ltd. for a cease-trade order against Freewest's Shareholder Rights Plan, adopted in 2008. The application follows Noront's hostile take-over bid for all of Freewest's outstanding shares launched on October 13, 2009.
Noront's application was filed with the Bureau de decision et de revision en valeurs mobilieres on November 2, 2009. Noront's counsel announced its intention to file an application for a cease-trade order against Freewest's Shareholder Rights Plan in a letter dated October 6, 2009 to the Autorite des marches financiers.
Freewest is preparing its defence opposing Noront's application and expects to file it with the Bureau de decision et de revision en valeurs mobilieres shortly.
Freewest is a well-financed mineral exploration company. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on Tier 1 of the TSX Venture Exchange under the symbol FWR.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Daily NewsTags: ,Manufacturing and Production:MiningandMetals, ,OH,MONTREAL, QUEBEC
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