Military Metals to Adopt Shareholder Rights Plan
Military Metals (OTCQB:MILIF) intends to adopt a shareholder rights plan subject to shareholder ratification at the Annual General Meeting in approximately three months. The Board says the Rights Plan is not in response to any specific acquisition proposal but responds to increased trading volume and the risk of "creeping bids."
The Rights Plan will attach to shares until triggered and will grant all shareholders, excluding a hostile bidder, the right to acquire shares at a discount to the market price. The Board says the measure is intended to ensure fair treatment of shareholders, provide time to evaluate any take-over bid, and prevent unequal accumulation tactics.
Military Metals (OTCQB:MILIF) intende adottare un piano diritti degli azionisti soggetto a ratifica degli azionisti all'Assemblea Generale Annuale tra circa tre mesi. Il Consiglio dice che il Piano dei Diritti non è una risposta a una proposta di acquisizione specifica, ma risponde all'aumento del volume degli scambi e al rischio di "creeping bids".
Il Piano dei Diritti verrà allegato alle azioni fino all'attivazione e garantirà a tutti gli azionisti, escluso un'offerta ostile, il diritto di acquisire azioni a un prezzo inferiore al prezzo di mercato. Il Consiglio afferma che la misura è volta a garantire un trattamento equo agli azionisti, fornire tempo per valutare qualsiasi offerta di acquisto e prevenire tattiche di accumulazione non uguali.
Military Metals (OTCQB:MILIF) pretende adoptar un plan de derechos de los accionistas sujeto a la ratificación de los accionistas en la Junta General Anual en aproximadamente tres meses. La Junta dice que el Plan de Derechos no responde a ninguna propuesta de adquisición específica, sino que responde al aumento del volumen de operaciones y al riesgo de ataques de adquisición "creeping bids".
El Plan de Derechos se adjuntará a las acciones hasta que se active y otorgará a todos los accionistas, excluido un postor hostil, el derecho a adquirir acciones a un precio con descuento respecto al precio de mercado. La Junta dice que la medida tiene como objetivo garantizar un trato justo a los accionistas, brindar tiempo para evaluar cualquier oferta de compra y prevenir tácticas de acumulación desigual.
Military Metals (OTCQB:MILIF)은 주주의 승인을 받는 연례 일반 주주총회에서 약 3개월 후에 주주 권리 계획을 채택할 의향이 있습니다. 이사회는 이 권리 계획이 특정 인수 제안에 대한 대응이 아니라 거래량 증가와 "creeping bids"의 위험에 대응하기 위한 것이라고 말합니다.
권리 계획은 발동될 때까지 주식에 부착되며, 적대적 입찰자를 제외한 모든 주주가 시장가 대비 할인된 가격으로 주식을 취득할 수 있는 권리를 부여합니다. 이사회는 이 조치가 주주에 대한 공정한 대우를 보장하고, 어떤 인수 제안을 평가할 시간을 제공하며, 불평등한 집중 매입 전술을 방지하기 위한 것이라고 말합니다.
Military Metals (OTCQB:MILIF) envisage d’adopter un plan de droits des actionnaires soumis à la ratification des actionnaires lors de l’Assemblée générale annuelle dans environ trois mois. Le conseil affirme que le Plan de Droits n’est pas une réponse à une proposition d’acquisition spécifique mais répond à l’augmentation du volume des échanges et au risque de « creeping bids ».
Le Plan des Droits s’appliquera aux actions jusqu’à son déclenchement et accordera à tous les actionnaires, à l’exception d’un soumissionnaire hostile, le droit d’acquérir des actions à un prix inférieur au cours du marché. Le conseil estime que la mesure vise à assurer un traitement équitable des actionnaires, à donner du temps pour évaluer toute offre d’acquisition et à prévenir les tactiques d’accumulation inégales.
Military Metals (OTCQB:MILIF) beabsichtigt, einen Aktienrechtsplan zu verabschieden, vorbehaltlich der Zustimmung der Aktionäre auf der Hauptversammlung in etwa drei Monaten. Der Vorstand teilt mit, dass der Rechteplan keine Reaktion auf einen bestimmten Übernahmevorschlag ist, sondern auf das gestiegene Handelsvolumen und das Risiko von „creeping bids“ reagiert.
Der Rechteplan wird bis zum Auslösen an die Aktien gebunden sein und allen Aktionären, mit Ausnahme eines feindlichen Bieters, das Recht einräumen, Aktien zu einem Preis unter dem Marktpreis zu erwerben. Der Vorstand sagt, dass die Maßnahme darauf abzielt, eine faire Behandlung der Aktionäre sicherzustellen, Zeit zur Bewertung eines möglichen Übernahmeangebots zu geben und ungleiche Anhäufungstaktiken zu verhindern.
Military Metals (OTCQB:MILIF) تعتزم اعتماد خطة حقوق المساهمين خاضعة لموافقة المساهمين في الاجتماع السنوي العام خلال نحو ثلاثة أشهر. يقول المجلس إن خطة الحقوق ليست استجابة لأي مقترح استحواذ محدد، لكنها تستجيب لارتفاع حجم التداول ولخطر "عروض التلازم" creeping bids.
سترتبط خطة الحقوق بالأسهم حتى يتم تشغيلها وستمنح جميع المساهمين، باستثناء مقدمي عرض عدائي، الحق في شراء الأسهم بسعر مخفّض عن سعر السوق. يقول المجلس إن الإجراء يهدف إلى ضمان معاملة عادلة للمساهمين، وتوفير الوقت لتقييم أي عرض استحواذ، ومنع تكتيكات التراكم غير المتكافئة.
Military Metals (OTCQB:MILIF) 将在大约三个月的年度股东大会上经股东批准后，拟采用一个股东权利计划。董事会表示，这一权利计划并非针对某个具体的收购提议，而是应对交易量增加及“蠕动式出价”的风险。
该股东权利计划将在触发前附着于股份，且在排除敌意竞标方的情况下，赋予所有股东以低于市场价格的折扣购买股份的权利。董事会表示，这一举措旨在确保对股东的公正对待，为评估任何收购要约提供时间，并防止不平等的集中收购策略。
- Rights plan intended to protect shareholders from creeping bids
- Rights grant available to all shareholders (excluding a hostile bidder)
- Plan provides Board time to evaluate take-over bids; AGM ratification in ~3 months
- Rights attach to shares until triggered, potentially delaying take-over transactions
- Plan explicitly excludes a hostile bidder from rights, which may block certain bidders
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Military Metals Corp. (CSE: MILI) (OTCQB: MILIF) (FSE: QN90) (the "Company" or "MILI") announces that it intends to adopt a shareholder rights plan (the "Rights Plan"), subject to ratification by shareholders at the upcoming Annual General Meeting of shareholders to be held in approximately 3 months. The Rights Plan is not being adopted in response to any specific proposal to acquire control of the Company, but the Board has become aware that increased trade volume on the Company's stock exchange listings including Canada, USA and Germany has given an opportunity for any parties to acquire and accumulate shares in connection with so-called 'creeping bids', which has the potential to impact the value delivered to shareholders in connection with any such bid.
Scott Eldridge, CEO and Director, stated: "We are experiencing unprecedented times in the critical minerals sector, in light of recent hostile takeover attempts — such as the unsolicited bid by US Antimony Corp for Lorvotto Resources — our Board believes it is prudent to take proactive measures to protect our shareholders. The adoption of a shareholder rights plan underscores Military Metals Corp's commitment to ensuring that any potential change of control occurs through a fair and transparent process that maximizes value for all shareholders. We remain fully focused on advancing our strategic objectives and creating sustainable, long-term value."
The Rights Plan will grant all shareholders of the Company, excluding a hostile bidder, the right to acquire shares at a discount to the current market price. The right is intended to be attached to the shares of the Company, until such time the Rights Plan is triggered. The Rights Plan is being adopted to ensure that all shareholders are treated fairly and equally in connection with any take-over bid for the Company, and to provide the Board of Directors and shareholders with sufficient time to properly consider and evaluate any such bid, as well as to explore and develop alternatives that could maximize shareholder value.
The Rights Plan is designed to:
- Encourage the fair treatment of all shareholders in connection with any take-over bid for the Company;
- Provide the Board of Directors with adequate time to evaluate any take-over bid and explore alternatives to maximize shareholder value; and
- Prevent any person or group from acquiring control of the Company through tactics that do not treat all shareholders equally or afford them the opportunity to realize a fair premium.
The Company is not aware of any pending or threatened take-over bid at this time. The Rights Plan is intended as a prudent measure, to provide the Board with the ability to respond appropriately to any unsolicited take-over bid being conducted through private agreements, gradual or "creeping" acquisitions, or other exemptions from the take-over bid rules.
About Military Metals Corp.
The Company is a British Columbia-based mineral exploration company that is primarily engaged in the acquisition, exploration and development of mineral properties with a focus on antimony.
ON BEHALF OF THE BOARD of DIRECTORS
For more information, please contact:
Scott Eldridge
CEO and Director
scott@militarymetalscorp.com or info@militarymetalscorp.com
For enquiries, please call Jeremy Ross, VP Corporate Development 604-537-7556
This news release contains "forward-looking information". Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-Looking information in this news release includes statements related to the Company's exploration plans in relation to the entry into the Rights Plan, any future takeover bids which may trigger the Rights Plan, and shareholder approval of the Rights Plan. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this news release. Known risks include risks related to finalization of the Rights Plan with the transfer agent of the Company and willingness of shareholders to adopt such a Rights Plan, or similar risks. Additional risk factors can also be found in the Company's public filings under the Company's SEDAR+ profile at www.sedarplus.ca. Forward-Looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances, management's estimates, or opinions should change, except as required by securities legislation. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
The Canadian Securities Exchange has neither approved nor disapproved the information contained herein and does not accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271585
FAQ
What did Military Metals (MILIF) announce on October 23, 2025 about a rights plan?
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Why is Military Metals (MILIF) adopting a shareholder rights plan?
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