The Board of Directors of the Company has elected to adopt an amended and restated shareholder rights plan that was presented to and approved by the shareholders of the Company at the Company’s annual general meeting held on December 20, 2012. The amended and restated shareholder rights plan was also approved by the TSX Venture Exchange on October 19, 2012.
The amended and restated 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.
This amended and restated shareholder rights plan is not being adopted in response to any proposal to acquire control of the Company.
BY ORDER OF THE BOARD OF DIRECTORS OF
DECADE RESOURCES LTD.
“Randolph Kasum”
Randolph Kasum, Chief Financial Officer
NEITHER THE 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.
Caution Concerning Forward-Looking Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the adoption of the Shareholder Rights Plan and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include timing of shareholder approval of the Shareholder Rights Plan and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new finformation, future events or otherwise except as otherwise required by applicable securities legislation.