NEWS RELEASE - July 29, 2008
DUMONT NICKEL INC. (DNI : TSX-Ven, DG7 : Frankfurt)
DUMONT EXECUTES SHAREHOLDER RIGHTS PLAN AGREEMENT
DUMONT NICKEL INC. (DNI:TSX-Ven, DG7:FSE) is pleased to announce that its Board of Directors has approved adoption of a shareholder rights plan (the "Plan"), to ensure, to the extent possible, that all Dumont shareholders are treated equally and fairly in connection with any take-over bid, and to provide sufficient time for all shareholders to consider any such transaction. Dumont is not aware of any pending of threatened take-over bids for the Company.
Dumont has executed a Shareholder Rights Plan agreement with Equity Transfer & Trust Company. The Plan requires ratification by Dumont's shareholders, and will be submitted to the shareholders for consideration at Dumont's annual and special meeting of shareholders scheduled to be held on September 12, 2008. The Plan is also subject to TSX Venture Exchange approval.
Under the Plan, shareholders are issued one Right in respect of each Dumont common share held, such Right being attached to the share. On the occurrence of certain triggering events, including the acquisition by a person or group of 20% or more of the outstanding common shares of the Company pursuant to a transaction that does not meet certain conditions, the Right will entitle its holder (other than the acquiring person or group) to purchase $40.00 worth of Dumont common shares at the then market price for $20.00 (ie: at a 50% discount).
The complete text of the Shareholder Rights Plan agreement will shortly be available from www.sedar.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
Issued: 104,798,010
Link to release on Canada Newswire:
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Dumont Nickel Inc
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EXPLORATEUR |
CODE : DNI.V |
ISIN : CA23327V1094 |
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Dumont Nickel est une société d’exploration minière de nickel basée au Canada. Dumont Nickel détient divers projets d'exploration en USA et au Canada. Ses principaux projets en exploration sont CANE SPRINGS et REDWALL URANIUM en USA et ATTAWAPISKAT DIAMOND PROPERTY, RATTLER, JAMES BAY LOWLANDS CLAIMS et TORNGAT au Canada. Dumont Nickel est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 1,9 millions CA$ (1,5 millions US$, 1,3 millions €). La valeur de son action a atteint son plus haut niveau récent le 09 mars 2007 à 9,60 CA$, et son plus bas niveau récent le 30 décembre 2015 à 0,06 CA$. Dumont Nickel possède 29 590 000 actions en circulation. |