The Conversation (0)
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.
Click here to read the GeoMegA Resources (TSXV:GMA) press release
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