Looking over the "so called DEAL" I'd like to mention that in Aureilian's Annual Report these are the details of the Shareholder Rights Plan..

Now I know this wasn't a unsolicited take-over bid.. But it seems we have less options when the so called offer is "friendly".

I wonder who defines the word "friendly" LMHO

On May 23, 2006, the Corporation entered into a Shareholder Rights Plan Agreement with Equity Transfer Services Inc. as rights agent. The fundamental objectives of the Shareholder Rights Plan Agreement are to provide adequate time for the board of directors and shareholders to assess an unsolicited take-over bid for the Corporation, to provide the board of directors with sufficient time to explore and develop alternatives for maximizing shareholder value if a take-over bid is made, and to provide shareholders with an equal opportunity to participate in a take-over bid. For further details of the
Shareholder Rights Plan Agreement, please refer to the disclosure contained in the management information circular of the Corporation dated May 23, 2006 under the heading “Particulars of Matters to
be Acted Upon – Approval of Shareholders Rights Plan”, which is available on SEDAR at www.sedar.com and is incorporated herein by reference.
In November 22, 2006, the Corporation closed a private bought deal private placement

GP