Arianne Resources To Renew Shareholder’s Rights Plan

Arianne Resources Inc.(TSXV:DAN) announced that it will renew its shareholders rights plan. The Company stated that the plan will protect shareholder’s rights in the case of a takeover bid for Arianne.

As quoted in the press release:

The Plan has not been adopted in response to, or in contemplation of, any specific proposal to acquire control of Arianne. The Plan is subject to acceptance by the TSX Venture Exchange and must be ratified by the Shareholders within six months of the effective date of the Plan. Unless otherwise terminated in accordance with its terms, the Plan will terminate at the close of the third Annual Meeting of Arianne Shareholders following the meeting at which the Plan is ratified by Shareholders, unless the Plan is reconfirmed and extended at such meeting.

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