Cap-Ex Ventures Adopts Shareholders Rights Plan
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/21/11 -- Cap-Ex Ventures Ltd. (TSX VENTURE: CEV)(OTCQX: CPXVF)(FRANKFURT: X0V) ("Cap-Ex" or the "Company") is pleased to announce that its Board of Directors has adopted a Shareholders Rights Plan (the "Plan").
The purpose of the Plan is to ensure the fair treatment of the Company's shareholders in the event that any party makes a takeover bid or similar transaction or proposal (a "Takeover Bid Proposal"). The Plan ensures fair treatment by providing shareholders with 60 to 90 days (in addition to minimum period of 35 days) in which shareholders can consider a Takeover Bid Proposal and, if they choose, to withdraw any shares they have tendered to one offer to tender to a competing or better Takeover Bid Proposal.
The additional time is to be used by the Company and its Board of Directors to evaluate the Takeover Bid Proposal and make recommendations to shareholders, complete any assays or other work in progress which might be relevant to shareholders' decisions on the Takeover Bid Proposal and to seek other Takeover Bid Proposals and, through this process, ensure that a fair price is offered to shareholders. Any Takeover Bid Proposal which does not provide the Company, its shareholders and its Board of Directors with this time will (unless the Board of Directors waives the time requirements upon evaluation of the Takeover Bid Proposal) trigger the potential exercise of rights granted under the Plan.
The Plan is subject to its approval by the TSX Venture Exchange (the "Exchange") and, upon Exchange approval, must also be approved by shareholders at the next meeting of the Company's shareholders. The Plan is not being adopted in response to any existing Takeover Bid Proposal. As of now, no party or person has made a formal Takeover Bid Proposal to the Company or to its Board of Directors.
For additional information please visit the Company's website at .
CAP-EX VENTURES LTD.
Brett Matich, President and CEO
"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements."
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
Contacts:
Cap-Ex Ventures Ltd.
Investor Relations
(604) 669-2279
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Datum: 21.11.2011 - 22:36 Uhr
Sprache: Deutsch
News-ID 89929
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Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Venture Capital
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