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Mineral Mountain Announces Adoption of Shareholder Rights Plan
Mineral Mountain Announces Adoption of Shareholder Rights Plan Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n Mineral Mountain Announces Adoption of Shareholder Rights Plan\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MMV-TSX-V\n \n MNRLF-OTCQB\n \n M8M:FRANKFURT\n \n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 15, 2021\n \n /CNW/ - Mineral Mountain Resources Ltd. (\"\n \n Mineral Mountain\n \n \" or the \"\n \n Company\n \n \") (TSXV: MMV) (OTCQX: MNRLF) (FRANKFURT: M8M) announces that its Board of Directors has adopted a shareholder rights plan (the \"Shareholder Rights Plan\") to help ensure the fair treatment of all Mineral Mountain shareholders in connection with any take-over bid for the outstanding common shares of the Company.\n \n \n \n \n \n \n \n \n \n The Shareholder Rights Plan is effective immediately but is subject to ratification by shareholders of the Company at its 2021 annual general meeting scheduled for\n \n December 8, 2021\n \n . If ratified, the Shareholder Rights Plan would have a term of three years.\n \n \n The Shareholder Rights Plan is similar to rights plans adopted by other Canadian companies and ratified by their shareholders. It was not adopted in response to any specific proposal or intention to acquire control of the Company).\n \n \n The Board of Directors considered a number of factors in adopting the Shareholder Rights Plan. The Board of Directors believes that the Shareholder Rights Plan benefits shareholders by providing a substantially greater opportunity to protect the interests of all shareholders in the event that the Company is put in play through a hostile take-over bid.\n \n \n The Shareholder Rights Plan is subject to customary stock exchange approval and execution of a definitive agreement with the Company's transfer agent. A copy of the Shareholder Rights Plan will be available once executed with the transfer agent under the Company's profile on\n \n www.sedar.com\n \n .\n \n \n \n On Behalf of the Board of Directors\n \n \n \n MINERAL MOUNTAIN RESOURCES LTD.\n \n \n \n \"Nelson W. Baker\"\n \n , President and CEO\n \n \n \n \n Forwar...