Could changes in takeover rules be an issue?

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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new_guy

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Could changes in takeover rules be an issue?

posted on Oct 05, 2009 11:46AM

Come Nov 24 there are new rules to protect shareholders during a takeover. Could this be part of the reason for NOT taking action now?

"The Toronto Stock Exchange has made a change to its rules aimed at protecting shareholders if their company uses its own stock to take over another firm.

The TSX said it will require a vote by shareholders when management of a listed company decides to issue more than 25 per cent of its existing stock to pay investors in the target company. The rule will take effect Nov. 24, it said in a release. Issuing more stock lowers the market value of existing shares."