Freewest Resources Canada Inc. (TSX-V: FWR) has received the final order from the Ontario Superior Court of Justice for its previously announced arrangement with Cliffs Natural Resources Inc. (NYSE: CLF). Under the arrangement, shareholders of Freewest will receive 0.02016 of a Cliffs share for each Freewest share they hold. It is expected that the arrangement will go into effect on January 27th.
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Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern Canada.
Cliffs Natural Resources is an international mining and natural resources company. It is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal.
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