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Hemlo Mining Announces Adoption of Shareholder Rights Plan
Hemlo Mining Announces Adoption of Shareholder Rights Plan PR Newswire TORONTO ,...
About this update from Hemlo Mining Corp
Hemlo Mining Announces Adoption of Shareholder Rights Plan Hemlo Mining Announces Adoption of Shareholder Rights Plan /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } PR Newswire TORONTO, Feb. 9, 2026 /PRNewswire/ - Hemlo Mining Corp. (TSXV: HMMC) ("Hemlo Mining" or the "Company"), today announced that the board of directors of the Company (the "Board")  has approved the adoption of a shareholder rights plan (the "Rights Plan"), pursuant to a shareholder rights plan agreement entered into with Odyssey Trust Company, as rights agent, dated as of February 9, 2026 (the "Effective Date"). The Rights Plan is consistent with shareholder rights plans adopted by other Canadian public companies and has not been implemented in response to any specific proposal to acquire control of the Company. The Board is not aware of any pending or threatened take-over bid for the Company. The Rights Plan is intended to promote the fair treatment of all shareholders in the event of a take-over bid and to protect against "creeping bids," which may result in the accumulation of more than 20% of the Company's common shares outside the formal take-over bid process. Pursuant to the Rights Plan, one right was issued and attached to each common share of the Company outstanding as of the effective time under the Rights Plan. A right will also be attached to each common share issued after the Effective Date in accordance with the terms of the Rights Plan. The issuance of the rights will not change the manner in which shareholders trade their common shares of Hemlo Mining and the rights will automatically attach to the common shares with no further action by shareholders being required. Subject to the terms of the Rights Plan, the rights become exercisable in the event that any person (together with its affiliates and associates and persons acting in concert with it) becomes a beneficial holder of 20% or more of Hemlo Mining's outstanding common shares, without complying with the "Permitted Bid" provisions under the Rights Plan. In such event, holders of the rights (other than the acquiring person and its related parties) will be permitted to exercise...