Zazu Metals Adopts Shareholder Rights Plan

 Zazu Metals Corporation (TSX:ZAZ) has approved the adoption of a shareholder right plan, to provide both shareholders and the Board sufficient time to adequately consider a take-over bid.

As quoted in the press release:

The purpose of the Plan, dated May 13, 2013, is to provide both shareholders and the Board sufficient time to adequately consider a take-over bid and to allow for competing and alternative proposals to emerge during the period between the announcement of the proposed take-over bid and the end of the period of review allowed within the Plan.

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