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Auryx Gold Corp. (TSE:AYX) announced that its board of directors has approved the adoption of a shareholder rights plan agreement.
Auryx Gold Corp. (TSX:AYX) announced that its board of directors has approved the adoption of a shareholder rights plan agreement.
The press release is quoted as saying:
The Rights Plan is similar to shareholder rights plans adopted by other Canadian companies. It has not been adopted in response to any proposal to acquire control of Auryx.
The Rights Plan has been adopted to ensure the fair treatment of all Auryx shareholders in the event of any potential take-over bid for Auryx and to provide the board of directors and shareholders with additional time to fully consider any unsolicited take-over bid. The Rights Plan will also provide the board of directors with additional time to pursue, if appropriate, alternative transactions to maximize shareholder value.
Click here to access the entire press release.
