VANCOUVER, BRITISH COLUMBIA, Apr 17, 2012 (MARKETWIRE via COMTEX) -- Lions Gate Metals Inc. CA:LGM 0.00% ("Lions Gate" or the "Company") is pleased to announce the Board has adopted a Shareholder Rights Plan Agreement (the "Rights Plan") as summarized below. At the Annual and Special Meeting, the shareholders will be asked to consider an ordinary resolution confirming and ratifying the Rights Plan. The Rights Plan will terminate unless the shareholders vote at the Meeting to confirm its operation. The Rights Plan has the following objectives: (a) to prevent creeping acquisitions of control; (b) to give adequate time for the Board and shareholders to properly assess a take-over bid without undue pressure; (c) to provide the Board and shareholders adequate time to consider the value of all assets of the Company and for the Company to undertake a value recognition program if necessary to demonstrate the value of one or more assets; (d) to provide the Board time to consider value-enhancing alternatives to a take-over bid and to possibly allow competing bids to emerge; and (e) to ensure that shareholders of the Company are provided equal treatment under a take-over bid. The Rights Plan is not intended to prevent take-over bids that treat shareholders fairly and has not been adopted in response to any proposal to acquire control of the Company. The Company also announces that Christina Boddy has joined Lions Gate as Corporate Secretary, replacing Marion McGrath. Ms. Boddy is a member of the Canadian Society of Corporate Secretaries and has worked with several public and privately-held companies across varied industries. Lions Gate wishes to thank Ms. McGrath for her contributions to the Company over the past two years.