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Capitan Silver Announces Annual General and Special Meeting and Adoption of Omnibus Equity Incentive Plan and Shareholder Rights Plan
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) ("Capitan" or the "Company") announces that it ha
About this update from Capitan Silver Corp
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Capitan Silver Corp. (TSXV: CAPT) (OTCQX: CAPTF) (\"Capitan\" or the \"Company\") announces that it has filed its notice of annual general and special meeting (the \"Notice of Meeting\"), management information circular (the \"Information Circular\") and related meeting materials (collectively, the \"Meeting Materials\") for its annual general and special meeting of shareholders (the \"Shareholders\") to be held on Friday, June 12, 2026 at 11:00 a.m. (Vancouver time) at 550-800 West Pender Street, Vancouver, British Columbia, V6C 2V6 (the \"Meeting\"). The Company also announces that, effective today, it has: (i) entered into a shareholder rights plan agreement with Olympia Trust Company, as rights agent (the \"Rights Agreement\"), pursuant to which it has adopted a shareholder rights plan (the \"Rights Plan\"); and (ii) adopted a 10% fixed omnibus equity incentive plan (the \"Omnibus Plan\"). Shareholders' Meeting The record date for determining the Shareholders entitled to receive notice of, and to vote at, the Meeting is the close of business on April 28, 2026. At the Meeting, the Shareholders will be asked to consider the items of business set forth in the Notice of Meeting, including: (i) an ordinary resolution approving and ratifying the Rights Agreement and Rights Plan; and (ii) an ordinary resolution approving and ratifying the Omnibus Plan. Rights Plan The Rights Plan is designed to provide for the fair treatment of Shareholders in connection with \"creeping bids\" for common shares of the Company (\"Common Shares\"). The Rights Plan provides Shareholders with protections in the event that a person becomes a beneficial owner of 20% or more of the outstanding Common Shares through \"creeping bid\" purchases exempt from applicable take-over bid laws. Subject to the terms of the Rights Plan, in the event that rights become exercisable, holders of the rights (other than the acquiring person and its related parties) will be permitted to exercise their rights to purchase additional Common Shares at a 50% discount to the then-prevailing market price of the Common Shares. Pursuant to the Rights Plan, one right attaches to each issued and outstanding Common Share. While the Rights Plan is effective as of the date hereof, it is subject to ratification by the Sharehold...