Freewest Announces Hearing on Shareholder Rights Plan
MONTREAL, QUEBEC, Nov 06 (MARKET WIRE) --
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.
Contacts:
Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
(514) 878-3551 or 1-888-878-3551
(514) 878-4427 (FAX)
info@freewest.com
www.freewest.com
Bay Street Connect
Michael D'Amico
Investor Relations
(647) 500-6023
Copyright 2009, Market Wire, All rights reserved.
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