GeoMega Resources Adopts Shareholder Rights Plan

Geomega Resources Inc.’s (TSXV:GMA) board of directors has adopted a shareholder rights plan to facilitate the fair treatment of shareholders, should a take-over bid be made for GéoMégA. Effective today, the plan will provide the Board and the shareholders, more time to consider any unsolicited take-over bids for GéoMégA.

As quoted in the press release:

The Plan is intended to discourage coercive or unfair take-over bids and gives the Board time to pursue alternatives to maximize shareholder’s value, if appropriate, in the event of an unsolicited take-over bid. The Plan has not been adopted in response to, or in contemplation of, any specific proposal to acquire control of GéoMégA.

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