Niogold’s Board of Directors Approve New Shareholder Rights Plan

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Niogold Mining (TSXV:NOX) reported the adoption of a new Shareholder Rights Plan. The Shareholder Rights Plan aims to ensure that all shareholders of the Company are treated equally with any take-over bid for the Company.

As quoted in the press release:

In order to implement the adoption of the Plan, the Board authorized the issuance of one right (a “Right”) in respect of each Common Share outstanding at the close of business on January 4, 2012 (the “Record Time”). In addition, the Board authorized the issuance of one Right in respect of each additional Common Share issued after the Record Time.

Click here to read the Niogold Mining Corporation (TSXV:NOX) press release
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