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Lions Gate Metals Inc.(TSXV:LGM) announced the appointment of Ms.Christina Boddy as the Company’s new Corporate secretary. Lions Gate also announced that the board have adopted a new shareholder rights plan agreement.
Lions Gate Metals Inc.(TSXV:LGM) announced the appointment of Ms.Christina Boddy as the Company’s new Corporate secretary. Lions Gate also announced that the board have adopted a new shareholder rights plan agreement.
As quoted in the press release:
The Rights Plan has the following objectives: (a) to prevent creeping acquisitions of control; (b) to give adequate time for the Board and shareholders to properly assess a take-over bid without undue pressure; (c) to provide the Board and shareholders adequate time to consider the value of all assets of the Company and for the Company to undertake a value recognition program if necessary to demonstrate the value of one or more assets; (d) to provide the Board time to consider value-enhancing alternatives to a take-over bid and to possibly allow competing bids to emerge; and (e) to ensure that shareholders of the Company are provided equal treatment under a take-over bid.
Click here to read the Lions Gate Metals Inc. (TSXV:LGM) press release
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