Passport Potash Inc.: Rights Plan Proposed
11 Août 2011 - 2:30PM
Marketwired
Passport Potash Inc. (TSX VENTURE: PPI) (the "Company") announces
it has scheduled its annual and special general meeting for August
25, 2011.
At the meeting, the Company is seeking shareholder approval for
a shareholder rights plan (the "Rights Plan"). The Board has
proposed the adoption of the Rights Plan between the Company and
Computershare Trust Company of Canada ("Computershare Trust"), as
Rights Agent. The Board's objective in adopting the Rights Plan is
to ensure the fair treatment of shareholders in connection with any
take-over bid for the Company's common shares. The Rights Plan was
not adopted in response to any proposal to acquire control of the
Company.
The adoption of the Rights Plan is subject to both the
acceptance of the regulatory authorities and shareholder approval.
The Company is seeking shareholder approval at its general and
special meeting to be held on August 25, 2011. The Company will
provide further information in a subsequent news release after the
Annual General Meeting.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Laara Shaffer, Director
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Passport Potash Inc. Peter J. Kletas Corporate
Communications 866-999-6251 Toll Free peter@passportpotash.com
Passport Potash Inc. Clive Mostert Corporate Communications
780-920-5044 cmostert@passportpotash.com www.passportpotash.com
Passport Potash Inc. (TSXV:PPI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
Passport Potash Inc. (TSXV:PPI)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
Plus d'articles sur Passport Potash Inc.