UPDATE: Augusta Resource Up Nearly 1%, Adopts Shareholder Rights Plan, Advance Notice Policy
Augusta Resource Corporation (AZC.TO) Board of Directors has adopted a shareholder rights plan and an advance notice policy.
The rights plan became effective at 8:00 a.m. (Toronto time) today, and one right will be issued in respect of each common share of the company outstanding at 5:00 p.m. (Vancouver time) on April 30, 2013 and each common share issued thereafter.
The Board has adopted an advance notice policy in order to facilitate an orderly and efficient annual general or, where the need arises, special meeting, ensure that all shareholders receive adequate notice of director nominations and sufficient information with respect to all nominees, and allow shareholders to register an informed vote having been afforded reasonable time for appropriate deliberation. The Policy is effective and in full force and effect as of April 18, 2013.
AZC was up nearly 1% to $2.40, with 52-week range of $1.52 - $3.06.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.