... and 19.7% FOS prior Baltic Resources acquisition
As at November 30, 2007, the Offeror exercises control or direction, on behalf of accounts fully managed by it, over 17,097,876 Common Shares of the Issuer. Based on the number of currently issued and outstanding Common Shares (as reported by the Issuer), the Offeror exercises control or direction over 19.7% of the issued and outstanding Common Shares.