Noranda, Freewest deal done

Another placement of 215,000 Freewest shares at the same price will finance the company’s share of on-going exploration expenses on the properties.

Noranda also holds a 1-year option to purchase an additional 540,000 shares at $4 per share and a first right to purchase the first two million shares of Freewest at market price minus a 10% discount to finance further development of the properties.

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