Common Contracts
1 similar Proposed Transaction Agreement contracts
PRIVATE AND CONFIDENTIALProposed Transaction Agreement • February 13th, 2015
This letter outlines the proposed transaction (the "Transaction") between Cliffs Quebec Iron Mining ULC ("Cliffs Quebec"), Cliffs Greene B.V. ("Cliffs Greene"), Cliffs Netherlands B.V. ("Cliffs Netherlands" and together with Cliffs Quebec and Cliffs Greene, the "Vendors") and Noront Resources Ltd. ("Noront"), pursuant to which Noront will acquire: (a) all of the outstanding securities (the "Securities") of each of Cliffs Quebec's wholly-owned subsidiaries Cliffs Chromite Ontario Inc. ("Cliffs Ontario") and Cliffs Chromite Far North Inc. ("Cliffs Far North" and together with Cliffs Ontario, the "Subsidiaries"); (b) upon mutual agreement of the Parties following completion of due diligence, all of the outstanding securities of (i) Cliffs Greene and/or Cliffs Netherlands, or (ii) any subsidiaries of Cliffs Greene or Cliffs Netherlands (the "Additional Subsidiaries"); and (c) the common shares of KWG Resources Inc. ("KWG") and Debut Diamonds Inc. ("Debut") held by Cliffs Greene (to the ext
