Voting of Cliffs Shares in Freewest In a recent high profile ruling, with respect the combination of Hudbay Minerals Inc and Lundin Mining Corporation, the Ontario Securities Commission stated that "an acquirer should not generally be entitled, through a subscription for shares carried out in anticipation of a merger, to significantly influence or affect the outcome of the vote on that transaction". Cliffs has increased its ownership in Freewest by way of a recent private placement. It should not be permitted to vote its shares at the special meeting of shareholders. Cliffs does not have the same economic interest as other Freewest shareholders and should not be permitted to influence the vote as a result of its opportunistic acquisition of additional Freewest shares.