Decade Resources Ltd.
TSX VENTURE : DEC

Decade Resources Ltd.

October 21, 2009 12:12 ET

Decade Resources Ltd. Adopts Shareholder Rights Plan

STEWART, BRITISH COLUMBIA--(Marketwire - Oct. 21, 2009) - Decade Resources Ltd. (TSX VENTURE:DEC) -

The board of directors of the Company has elected to adopt a shareholder rights plan that will be presented for ratification by shareholders at the Company's annual general meeting November 25, 2009.

The shareholder rights plan has been adopted to ensure the fair treatment of all shareholders in respect of any takeover bid for the common shares of the Company. It is designed to provide shareholders with sufficient time to properly consider a takeover bid without undue time constraints. In addition, it will provide the board with additional time for review and consideration of an unsolicited takeover bid and, if necessary, for the consideration of alternatives.

This rights plan is not being adopted in response to any proposal to acquire control of the Company.

BY ORDER OF THE BOARD OF DIRECTORS OF DECADE RESOURCES LTD.

Andrew Bowering, Chief Financial Officer/Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Decade Resources Ltd.
    Andrew Bowering
    Chief Financial Officer/Director
    (250) 636-9232
    (250) 636-2446 (FAX)