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31.08.2011
Curis Adopts Shareholder Rights Plan
Curis Adopts Shareholder Rights Plan
August 26, 2011 – Vancouver, BC – Curis Resources Ltd. (“Curis” or the “Company”) (TSX:CUV) announces that its Board of Directors has approved the adoption of a Shareholder Rights Plan Agreement (the “Rights Plan”). The Rights Plan is being adopted to ensure the fair treatment of all Curis shareholders in connection with any take-over bid for the outstanding common shares of Curis. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid without facing undue pressure or coercion. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value.
The Rights Plan is similar to other plans adopted by many Canadian companies. It is not being adopted in response to any proposal to acquire control of Curis.
The Rights Plan has been approved by the Toronto Stock Exchange and will be presented for ratification by the shareholders at the Curis annual meeting to be held on September 19, 2011. If ratified by shareholders, the Rights Plan will have a term of three years.
About Curis
Curis Resources Ltd. is a mineral development company associated with Hunter Dickinson Inc., a diversified global mining company with a 25-year history of mineral development success. Curis is focused on the acquisition, development and operation of high-quality next-generation copper properties in progressive jurisdictions around the world. It is currently focused on advancing its 100% owned Florence project in Arizona USA to production.
For more project-level information, sign up for the Florence Copper projects’ e-Newsletter.
Michael McPhie
President & CEO
For further details on the Company, please visit www.curisresources.com or contact:
Susie Bell
Manager, Investor Relations
Tel: 604-684-6365
Toll free (in North America): 1-800-667-2114
Email: Susiebell@hdimining.com
No regulatory authority has approved or disapproved of the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuation in market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary environmental, land use, rezoning and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
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August 26, 2011 – Vancouver, BC – Curis Resources Ltd. (“Curis” or the “Company”) (TSX:CUV) announces that its Board of Directors has approved the adoption of a Shareholder Rights Plan Agreement (the “Rights Plan”). The Rights Plan is being adopted to ensure the fair treatment of all Curis shareholders in connection with any take-over bid for the outstanding common shares of Curis. The Rights Plan will provide shareholders with adequate time to properly evaluate and assess a take-over bid without facing undue pressure or coercion. The Rights Plan also provides the Board with additional time to consider any take-over bid and, if applicable, to explore alternative transactions in order to maximize shareholder value.
The Rights Plan is similar to other plans adopted by many Canadian companies. It is not being adopted in response to any proposal to acquire control of Curis.
The Rights Plan has been approved by the Toronto Stock Exchange and will be presented for ratification by the shareholders at the Curis annual meeting to be held on September 19, 2011. If ratified by shareholders, the Rights Plan will have a term of three years.
About Curis
Curis Resources Ltd. is a mineral development company associated with Hunter Dickinson Inc., a diversified global mining company with a 25-year history of mineral development success. Curis is focused on the acquisition, development and operation of high-quality next-generation copper properties in progressive jurisdictions around the world. It is currently focused on advancing its 100% owned Florence project in Arizona USA to production.
For more project-level information, sign up for the Florence Copper projects’ e-Newsletter.
Michael McPhie
President & CEO
For further details on the Company, please visit www.curisresources.com or contact:
Susie Bell
Manager, Investor Relations
Tel: 604-684-6365
Toll free (in North America): 1-800-667-2114
Email: Susiebell@hdimining.com
No regulatory authority has approved or disapproved of the information contained in this news release.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuation in market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary environmental, land use, rezoning and other permits, approvals, licenses and title on a timely basis and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA23127B1058">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CA23127B1058</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.