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American Manganese Inc. (CVE:AMY) reports that its Board of Directors has approved the adoption of a Shareholders’ Rights Plan agreement.
The press release is quoted as saying:
The Rights Plan has been adopted to ensure the fair treatment of all American Manganese shareholders in connection with any possible future take-over bids for the outstanding common shares of the Company. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid without facing undue pressure or coercion. The Rights Plan is similar to the plans adopted by other Canadian companies.
Click here to access the entire news release.
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