	northair nrm to opposing norquest nqrlf bid northair mines ltd said it would oppose nor quest resources inc s earlier reported proposed takeover bid with every means at its disposal saying this attempt at a property grab is an insult to the intelligence of our shareholders it said nor quest s offer to swap one nor quest share plus one dlr for two northair shares would seriously dilute northair s equity in its willa mine in british columbia our company is in sound financial position and production financing can be readily arranged when required we re not looking for a partner and if we were it certainly wouldn t be these guys northair said reuter 
