Shares Outstanding: 163,631,957
Fully Diluted: 173,461,957
TORONTO, Nov. 4 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that it will be presenting and or exhibiting at the following retail and industry conferences:
Cambridge Montreal Resource Investment Conference
Palais des Congres Montreal
1001 place Jean-Paul Riopelle
Exhibiting Booth No. 103
Speaking Time: November 6th at 3:00pm Montreal local time
25th International Ferro-Alloys Conference
The Fairmont Monte Carlo, Monaco
Speaking Time: November 9th at 2:30pm Monte Carlo local time
Noront's CEO Mr. Wes Hanson will be attending Cambridge's Montreal Conference on Friday, November 6, 2009 and will be speaking later that day, he will be available during the day to answer all shareholder questions. Mr. Hanson will also be presenting at the 25th Annual Ferro Alloy Conference in Monte Carlo on November 9, 2009. For further information on the above conferences, please contact the Investor Relations Department. All presentations given at the conferences will be available on the Noront website at www.norontresources.com. For a full list of all future conferences the company will be attending, please visit our website.
Regarding the Freewest Offer:
Noront's offer (the "Offer") for Freewest Resources Canada Inc. ("Freewest") remains the only offer to date. Our offer of 0.25 of a Noront share for every one (1) Freewest share remains outstanding and continues to represent a full and fair offer for Freewest.
Noront continues to believe that the consolidation of the Ring of Fire will result in the use of mutual infrastructure to allow for prudent management of shareholder equity, which will in turn, create value for all stakeholders in the Ring of Fire.
We urge Freewest shareholders to tender their shares prior to the expiry date of November 18, 2009. Noront strongly encourages shareholders of Freewest to read the Take-Over Bid Circular, which contains the full terms and conditions of the Offer as well as detailed instructions on how Freewest shareholders can tender their common shares to the Offer. Copies of the Take-Over Bid Circular and related documents are available at www.norontresources.com or on SEDAR at www.sedar.com.
Freewest shareholders electing to tender their common shares to the Offer must complete the letter of transmittal or, if necessary, the notice of guaranteed delivery (both of which accompany the Take-Over Bid Circular) and return the appropriate documents in accordance with the terms and conditions more fully set out under "Manner of Acceptance" in Section 3 of the Offer. If common shares of Freewest are held in the name of a nominee, such as a broker, investment bank, bank or trust company, the shareholder should contact such nominee for instructions on how to deposit their common shares to the Offer.
For assistance in tendering shares to the Noront Offer, Freewest shareholders are encouraged to contact Laurel Hill Advisory Group at the following contact number: 1-877-304-0211.
Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the dominant land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for the remainder of 2009 and 2010. All material information on Noront can be found on the Company's website at www.norontresources.com or at SEDAR at www.sedar.com
Wesley (Wes) Hanson
President & Chief Executive Officer
FORWARD LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future, including such things as future business strategy, competitive strengths, goals, expansion, growth of the Company's businesses, operations, plans and with respect to exploration results, the timing and success of exploration activities generally, permitting time lines, government regulation of exploration and mining operations, environmental risks, title disputes or claims, limitations on insurance coverage, timing and possible outcome of any pending litigation and timing and results of future resource estimates or future economic studies.
Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and assumptions, including, the result of drilling and exploration activities, that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen break downs, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of gold; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the company's publicly filed documents. Although Noront has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
Neither 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.
SOURCE NORONT RESOURCES LTD.
For further information: For further information: Joanne Jobin, Vice President Corporate Communications at (416) 367-1444, or visit Noront's website at: http://www.norontresources.com.