Allana Potash Adopts Shareholders Rights Plan

Allana Potash Corp. (TSX:AAA) announced that it has adopted a shareholder rights plan.

The press release is quoted as saying:

The objectives of the Plan are to ensure, to the extent possible, that all shareholders of the Company are treated equally and fairly in connection with any take-over bid for the Company. The Plan discourages discriminatory, coercive or unfair take-overs of the Company and gives the Company’s board of directors time if, in the circumstances, the board determines it is appropriate to take such time, to pursue alternatives to maximize shareholder value in the event an unsolicited take-over bid is made for all or a portion of the outstanding common shares of the Company (the “Common Shares”).

Click here to access the entire news release. 

Click here to access Allana Potash’s company profile.(TSX:AAA)