Focus Metals Inc. Adopts a Shareholder Rights Plan
13 Enero 2012 - 10:01AM
Marketwired
Focus Metals Inc. (TSX VENTURE:FMS)(OTCQX:FCSMF)(FRANKFURT:FKC)
("Focus" or the "Corporation") is pleased to announce that its
board of directors (the "Board") has implemented, as of January 6,
2012, a shareholder rights plan (the "Plan") to encourage a fair
treatment of shareholders, should a take-over bid be made for
Focus. The Plan is effective today and will provide the Board and
the shareholders, more time to consider unsolicited take-over bids
of the Corporation. The Plan is intended to discourage coercive or
unfair take-over bids and gives the Board time to pursue
alternatives to maximize shareholder value, if appropriate, in the
event of an unsolicited take-over bid.
The Plan has not been adopted in response to, or in
contemplation of, any specific proposal to acquire control of
Focus. The Plan is subject to acceptance by the TSX Venture
Exchange and must be ratified by the Shareholders at its next
annual general meeting scheduled to take place in 2012.
A complete copy of the Plan will be available shortly on SEDAR
at www.sedar.com.
About Focus Metals Inc.
Focus Metals Inc. is an emerging mid-tier junior mining company,
a technology solutions supplier and a business innovator. It is the
owner of the highest-grade (16%) technology graphite resource in
the world. The company's goal is to assume a dominant industry
leadership position by becoming the lowest-cost producer of
technology-grade graphite. As a technology-oriented enterprise with
a view to building long-term, sustainable shareholder value, Focus
Metals is invested in the development of graphene applications and
patents through Grafoid Inc.
Neither 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: Gary Economo President and Chief Executive Officer
613-691-1091 ext. 101
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