The hullabaloo around Rio Tinto’s abandonment of its posed near-USD 20bn capital injection from smaller rival Chinalco replaced by the announcement of a general rights issue to raise the equivalent of USD 15.2bn, and agreeing a monster joint venture with BHP Billiton over the two companies’ West Australian iron ore assets, has sidelined the potential [...]
Articles Tagged "rights"
Potash One Inc. reports that it is adopting a shareholder rights plan agreement. The Rights Plan has been adopted to ensure the fair treatment of all Potash One shareholders in the eventuality of a possible take-over bid for the outstanding common shares of Potash One. In the event that a takeover bid should occur the Rights Plan [...]
Potash exploration rights are selling like hot cakes in Canadian province of Saskatchewan. George Patterson, the executive director of exploration and geological services for Saskatchewan Energy and Resources, said: Saskatchewan Energy and Resources said exploration permits on about 5.5 million hectares of land have been taken out provincewide by exploration companies in recent months. For [...]