Goldhills Holding Ltd. press release
Shareholders approve Rights Plan at Annual General Meeting
TSXV - TSX Venture Exchange · Copper · Molybdenum · Silver · Gold · Zinc · Canada
ROUYN-NORANDA, QC, June 30 /CNW Telbec/ - Fieldex Exploration Inc. (FLX :TSXV and F7E: Frankfurt) announced that the Shareholder Rights Plan previously adopted by the board of directors on May 24, 2006 has been approved by the shareholders of the Company at the Company's Annual and Special General Meeting held on June 28, 2006. The purpose of the Shareholder Rights Plan is to provide shareholders and the Company's board of directors with adequate time to consider and evaluate any unsolicited bid made for Fieldex Exploration; to provide the board with adequate time to identify, develop and negotiate value-enhancing alternatives, if considered appropriate to any such unsolicited bid; to encourage the fair treatment of shareholders in connection with any take-over bid for Fieldex Exploration, and to ensure that any proposed transaction is in the best interests of Fieldex Exploration's shareholders. The Company is not aware of any specific take-over bid for the Company that has been made or is contemplated.
About Fieldex:
Fieldex is a mineral resource company actively exploring in QuDebec for nickel-copper-platinum group metal deposits on its own and in joint ventures with Aurora Platinum Corp. (100% owned by FNX Mining Company) and for gold in joint ventures with Lake Shore. Fieldex also owns 100% of numerous prospective properties located through out Northern Quebec, representing over 600 km2.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.