Gold explorer Extorre Gold Mines (AMEX:XG) (NYSE MKT:XG) (TSE:XG) said Friday its board has approved a shareholder rights plan, effective today.
However, the plan is subject to shareholder ratification within six months in order to remain in place.
The plan is designed to protect shareholders and provide them with adequate time to consider and evaluate any unsolicited bid made for the company.
The rights will become exercisable only if a person, together with its affiliates, associates and
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