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Cerro Grande Mining Corporation Announces Adoption of a Shareholder Rights Plan and Enhanced Quorum By-Law N° 1B Amendment
Cerro Grande Mining Corporation Announces Adoption of a Shareholder Rights Plan and Enhanced Quorum By-Law N° 1B Amendment.
About this update from Cerro Grande Mining Corp.
[{"type":"text","content":"\n\n\n\n\n\n\n\nCerro Grande Mining Corporation Announces Adoption of a Shareholder Rights Plan and Enhanced Quorum By-Law N° 1B Amendment\n\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\n\n\n\n\nCerro Grande Mining Corporation Announces Adoption of a Shareholder Rights Plan and Enhanced Quorum By-Law N° 1B Amendment\n\nPR Newswire\n\nTORONTO, May 15, 2013\n\n\n\n\n\n\n\n\nTORONTO, May 15, 2013 /PRNewswire/ - Cerro Grande Mining Corporation\n (the \"Company\" or \"CEG\") (TSX: CEG) (OTCQX: CEGMF) is pleased to\n announce that the board of directors of the Corporation has adopted a\n shareholder protection rights plan and an Enhanced Quorum By-Law 1B\n Amendment effective May 9, 2013. The objective of the rights plan and\n Enhanced Quorum By-Law 1B Amendment is to ensure, to the extent\n possible, that all shareholders of the Corporation are treated equally\n and fairly in connection with any initiative to acquire control of the\n Corporation.\n\n\n\nThe rights plan is not intended to and will not prevent a take-over of\n the Corporation. The purpose of the rights plan is to encourage a\n potential bidder to make a \"Permitted Bid\", having terms and conditions\n designed to meet the objectives of the rights plan, or to negotiate the\n terms of an offer with the board of directors of the Corporation. A\n Permitted Bid is a take-over bid that is made to all holders of voting\n shares of the Corporation (other than the bidder) for all of the voting\n shares held by them, by way of a take-...