Curis adopts Shareholder Rights Plan
VANCOUVER, Aug. 26, 2011 /CNW/ --
VANCOUVER, Aug. 26, 2011 /CNW/ - 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
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.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/26/c6662.html
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