|Mon Aug 9, 2010|
Sultan Minerals Inc. Adopts Shareholder Rights Plan
|Sultan Minerals Inc. (SUL - TSX Venture) (the "Company") announces that the Board of Directors of the Company has elected to continue the Shareholder Rights Plan that expired on June 29, 2010. The new Shareholder Rights Plan was approved by the TSX Venture Exchange on May 28, 2010 and was presented to and approved by the shareholders of the Company at the Company's annual general meeting held on June 29, 2010.|
The Shareholder Rights Plan has been designed to protect shareholders from unfair, abusive or coercive take-over strategies including the acquisition of control of the Company by a bidder in a transaction or series of transactions that may not treat all shareholders fairly nor afford all shareholders an equal opportunity to share in the premium paid upon an acquisition of control. The Shareholder Rights Plan was adopted to provide the Board with sufficient time, in the event of a public take-over bid or tender offer for the common shares, to pursue alternatives which could enhance shareholder value.
This Shareholder Rights Plan is not being adopted in response to any proposal to acquire control of the Company.
For more information, please see a copy of the Shareholder Rights Plan which has been filed under the Company's profile at www.sedar.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 687-4622 Fax: (604) 687-4212 Toll Free: 1-888-267-1400
Email: firstname.lastname@example.org or email@example.com
This release was prepared by the Company's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
You can view the Next News Releases item: Wed Aug 11, 2010, Sultan Minerals Discovers and Samples 800 Metres of Historical Drill Core At Its Kena Gold Property, BC
You can view the Previous News Releases item: Tue Jul 20, 2010, Sultan Minerals Defines Six Kilometre Long Geophysical Anomaly - Kena Gold Property, Bc
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