Business
MIRASOL ANNOUNCES ADOPTION OF SHAREHOLDER RIGHTS PLAN
MIRASOL ANNOUNCES ADOPTION OF SHAREHOLDER RIGHTS PLAN
About this update from Mirasol Resources Ltd
[{"type":"text","content":"\n\n\n\n Oct. 29, 2010 (Canada NewsWire Group) -- \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\nNot for distribution to United States newswire services or for\n dissemination in the United States.\n\n\nVANCOUVER, Oct. 29 /CNW/ - Mirasol Resources Ltd. (the "Company") (TSX-V: MRZ) today announced that its board of\n directors has adopted a Shareholder Rights Plan (the "Rights Plan").\n The objectives of the Rights Plan are to ensure, to the extent\n possible, that all shareholders of the Company are treated equally and\n fairly in connection with any take-over bid for the Company. Take-over\n bids may not always result in shareholders receiving equal or fair\n treatment or full value for their investment. In addition, current\n securities legislation only requires a take-over bid to remain open for\n 35 days. The Board believes that this period may be insufficient for\n the shareholders to evaluate a bid, or for the Board to pursue\n alternatives which could maximize shareholder value and make informed\n recommendations to shareholders. The Rights Plan was not adopted in\n response to, or in anticipation of, any acquisition or takeover offer.\n The Company is not aware of any pending or threatened takeover bid.\n\n\nIn order to implement the Rights Plan, the board of directors has\n authorized the issuance of the rights to holders of its common shares\n at the rate of one right for each common share outstanding. For\n administrative convenience, the rights will automatically attach to the...