Lomiko Metals To Adpot Shareholder Rights Plan at AGM

The board of directors of Lomiko Metals Inc. (TSXV:LMR,OTC:LMRMF, FWB:DH8B) has given approval to adopt a shareholder rights plan. The board plans to seek shareholder ratification at its annual and special meeting of the shareholders scheduled for October 30, 2014.

As quoted in the press release:

Lomiko is not adopting the Plan in response to any specific proposal to acquire control of its outstanding securities. The Plan will be similar to plans adopted by other Canadian companies and ratified by their shareholders. It is not the intention of the Plan to entrench management or prevent a change of control of Lomiko to the detriment of shareholders. The Plan will not apply to takeover bids that meet certain requirements including that the bid be made by way of a takeover bid circular and be left open for at least 60 days so as to ensure that shareholders will have an adequate opportunity to assess the merits of any such bid.

Click here to read the Lomiko Metals Inc. (TSXV:LMR) press release
Click here to see the Lomiko Metals Inc. (TSXV:LMR) profile.

Get the Latest Graphite Investing Stock Information

Get the latest information about companies associated with Graphite Investing delivered directly to your inbox.

Graphite Production/Mining
Graphite Prospecting and Exploration
Graphite Resource Definition/Pre Feasibility
Graphite Resource Expansion/Feasibility Study/PEA

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

"Did you know graphite is as tough as diamonds, but its unique structure makes it light, soft, and highly resistant to heat as well?"

Find out everything an investor needs to know about graphite investing. Click below to download a FREE industry report on the graphite market.

Leave a Reply