2009-11-10 14:00 ET - News Release
Mr. Jim Voisin reports
UC RESOURCES LTD. ADOPTS SHAREHOLDER RIGHTS PLAN
UC Resources Ltd.'s board of directors has elected to adopt a shareholder rights plan that will be presented for ratification by the shareholders of the company at the company's annual general meeting to be held on Dec. 17, 2009.
The shareholder rights plan has been adopted to ensure the fair treatment of all shareholders with respect to any takeover bid for the common shares of the company. It is designed to provide shareholders with sufficient time to properly consider a takeover bid without undue time constraints. In addition, it will provide the board with additional time for review and consideration of an unsolicited takeover bid and, if necessary, for the consideration of alternatives.