Decade amends poison pill, no offers in sight
2013-01-18 14:20 MT - News Release
Mr. Randolph Kasum reports
DECADE RESOURCES LTD. ADOPTS AN AMENDED AND RESTATED SHAREHOLDER RIGHTS PLAN
The board of directors of Decade Resources Ltd. has elected to adopt an amended and restated shareholder rights plan that was presented to and approved by the shareholders of the company at the company's annual general meeting held on Dec. 20, 2012. The amended and restated shareholder rights plan was also approved by the TSX Venture Exchange on Oct. 19, 2012.
The amended and restated shareholder rights plan has been adopted to ensure the fair treatment of all shareholders with respect to any takeover bid for the common shares of the company. It is designed to provide shareholders with sufficient time to consider a takeover bid properly without undue time constraints. In addition, it will provide the board with additional time for review and consideration of an unsolicited takeover bid and, if necessary, for the consideration of alternatives.
This amended and restated shareholder rights plan is not being adopted in response to any proposal to acquire control of the company.
We seek Safe Harbor.