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Yellowhead Mining Inc. (TSX:YMI) has adopted a shareholder rights plan to ensure that should there be any takeover bid for Yellowhead’s outstanding common shares, or other transaction that would involve a change of control, all Yellowhead shareholders will be treated fairly.
Yellowhead Mining Inc. (TSX:YMI) has adopted a shareholder rights plan to ensure that should there be any takeover bid for Yellowhead’s outstanding common shares, or other transaction that would involve a change of control, all Yellowhead shareholders will be treated fairly.
As quoted in the press release:
The Plan is effective immediately and will provide the Board of Directors and the shareholders more time to fully consider any unsolicited takeover bid for the Company. The Plan will allow shareholders to properly evaluate and assess a takeover bid without facing undue pressure or coercion. The Plan provides Yellowhead’s Board of Directors with additional time to consider any takeover bid and, if applicable, to explore alternative transactions that would maximize value for shareholders. Shareholders will be asked to approve the Plan at the annual general and special meeting of shareholders to be held on April 19, 2012, and upon receipt of such confirmation, the Plan will have an initial term which expires at the annual meeting of shareholders of the Company to be held in 2015 unless terminated earlier.
Click here to read the Yellowhead Mining Inc. (TSX:YMI) press release
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