Passport Potash Inc.: Rights Plan Proposed
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/11/11 -- Passport Potash Inc. (TSX VENTURE: PPI) (the "Company") announces it has scheduled its annual and special general meeting for August 25, 2011.
At the meeting, the Company is seeking shareholder approval for a shareholder rights plan (the "Rights Plan"). The Board has proposed the adoption of the Rights Plan between the Company and Computershare Trust Company of Canada ("Computershare Trust"), as Rights Agent. The Board's objective in adopting the Rights Plan is to ensure the fair treatment of shareholders in connection with any take-over bid for the Company's common shares. The Rights Plan was not adopted in response to any proposal to acquire control of the Company.
The adoption of the Rights Plan is subject to both the acceptance of the regulatory authorities and shareholder approval. The Company is seeking shareholder approval at its general and special meeting to be held on August 25, 2011. The Company will provide further information in a subsequent news release after the Annual General Meeting.
On behalf of the Board of Directors
PASSPORT POTASH INC.
Laara Shaffer, Director
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:
Passport Potash Inc.
Peter J. Kletas
Corporate Communications
866-999-6251 Toll Free
Passport Potash Inc.
Clive Mostert
Corporate Communications
780-920-5044
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Datum: 11.08.2011 - 06:30 Uhr
Sprache: Deutsch
News-ID 1029738
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VANCOUVER, BRITISH COLUMBIA
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Kategorie:
Mining & Metals
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