Owner
Post by Franko10 ™ on Jun 28, 2005 15:11:35 GMT -5
Shareholder Rights Plan approved at Annual and Special General Meeting
16:00 EDT Tuesday, June 28, 2005
Stock Symbol: SGF: TSX
SASKATOON, SK, June 28 /CNW/ - Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. (the "Company"), is pleased to announce that the Shareholder Rights Plan previously adopted by the Directors and announced in the Company's news release on January 20, 2005 has been approved by the shareholders of the Company at the Company's Annual and Special General Meeting held today. The Shareholder Rights Plan is now effective until the annual general meeting of shareholders to be held in 2008 and, if reconfirmed by shareholders at that meeting, will continue in effect until the annual general meeting of shareholders to be held in 2011.
The Shareholder Rights Plan was adopted to protect the Company's shareholders from unfair, abusive or coercive take-over strategies, including the acquisition of control of the Company through a take-over bid that may not treat all shareholders equally or fairly. The Company is not aware of any specific take-over bid for the Company that has been made or is contemplated.
The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties.
/For further information: Kenneth E. MacNeill, President & C.E.O.; or Harvey J. Bay, C.F.O. at (306) 664-2202/
16:00 EDT Tuesday, June 28, 2005
Stock Symbol: SGF: TSX
SASKATOON, SK, June 28 /CNW/ - Kenneth E. MacNeill, President and Chief Executive Officer of Shore Gold Inc. (the "Company"), is pleased to announce that the Shareholder Rights Plan previously adopted by the Directors and announced in the Company's news release on January 20, 2005 has been approved by the shareholders of the Company at the Company's Annual and Special General Meeting held today. The Shareholder Rights Plan is now effective until the annual general meeting of shareholders to be held in 2008 and, if reconfirmed by shareholders at that meeting, will continue in effect until the annual general meeting of shareholders to be held in 2011.
The Shareholder Rights Plan was adopted to protect the Company's shareholders from unfair, abusive or coercive take-over strategies, including the acquisition of control of the Company through a take-over bid that may not treat all shareholders equally or fairly. The Company is not aware of any specific take-over bid for the Company that has been made or is contemplated.
The Company is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties.
/For further information: Kenneth E. MacNeill, President & C.E.O.; or Harvey J. Bay, C.F.O. at (306) 664-2202/
