Re: Poison pill is in place

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Re: Poison pill is in place

in response to

Poison pill

emrpin

posted on Sep 13, 2010 06:43AM

The SRP is effective since August 16, but needs TSX approval, which wouldn´t be a problem, and shareholder approval (AGM Oktober 7), which shouldn´t be a problem either, if a take-over offer comes in now.

So, pratically, the "poison pill" is in place since August 16 !

From the NR:

At the close of business on August 16, 2010 existing shareholders of the Company were granted "Rights" to acquire additional common shares. The Rights were granted for no cash or non-cash consideration. These Rights are attached to each share as long as the Plan remains in effect. Each subsequent shareholder who invests in the Company's common shares will also be entitled to the Rights for no consideration.