CLEVELAND, Ohio -- Cliffs Natural Resources has increased its offer for all the outstanding shares of Montreal's Freewest Resources to $0.90 per share, $0.04 per share more than Noront Resources of Toronto offered last week. The Cliffs deal values Freewest (and its chromite deposits in the James Bay Lowlands) at $211 million.
The Freewest baord unanimously supports Cliffs' offer.
For information on how shares may be tendered and the special shareholder meeting that has been called to approve the deal, go to www.Freewest.com.
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