MOSCOW and TORONTO - NORILSK NICKEL announced that by the end of June 2007 it had acquired over 200 million common shares, or approximately 90%, of the outstanding LIONORE MINING INTERNATIONAL common shares.
In order to provide LionOre shareholders who have not yet accepted the offer with more time to do so, Norilsk has extended the expiry time of the offer to 8:00 p.m. (Toronto time) on Tuesday, July 10, 2007. A second notice of extension will be mailed to shareholders as soon as practicable and will be made available on SEDAR at www.Sedar.com.
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