Animas Resources Ltd.
TSX VENTURE : ANI

Animas Resources Ltd.

June 09, 2008 16:30 ET

Animas Resources Adopts Shareholder Rights Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2008) - Animas Resources (TSX VENTURE:ANI) (the "Company") announces that its Board of Directors has adopted a shareholder rights plan (the "Rights Plan"). The Rights Plan will take effect June 5, 2008, subject to confirmation by the Company's shareholders at its annual and special meeting to be held on June 17, 2008. It has been adopted to ensure the fair treatment of shareholders in the event of an unsolicited take-over offer for the Company's common shares.

The Rights Plan is not intended to prevent take-over bids that treat shareholders fairly. Bids that meet certain requirements intended to protect the interests of all shareholders are deemed to be "Permitted Bids" under the Rights Plan. Permitted Bids are offers to acquire common shares of the Company made by way of take-over bid circular and which must, among other requirements described in the Rights Plan, remain open for at least 60 days.

The Company is not adopting the Rights Plan in response to, or in anticipation of, any specific take-over bid or proposal to acquire control of the Company. The Rights Plan is similar to plans adopted by other Canadian companies. The full text of the Rights Plan will be available on the SEDAR website after the shareholders approve it at the annual and special meeting.

The Rights Plan is subject to acceptance by the TSX Venture Exchange and to ratification by the Company's shareholders at its upcoming meeting. If ratified by shareholders, the Rights Plan will expire on June 5, 2011, unless extended upon reconfirmation by shareholders at its annual general meeting at that time. Subsequently, the Rights Plan must be reconfirmed by shareholders at every third annual general meeting of the Company thereafter.

About Animas Resources Ltd.

Animas Resources Ltd., a North American mineral resource company focused on acquisition and discovery in Latin America, has re-consolidated the Santa Teresa District's Santa Gertrudis gold deposits and prospects within a 447.14 square kilometer (214.23 square miles) landholding. The Company also controls the 274 square kilometer (113.78 square miles) Shirley exploration concession in the Bacanuchi area of Northern Mexico.

Gregory E. McKelvey, M.S. (Geol.), President & Director

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • Animas Resources Ltd.
    Gregory E. McKelvey
    President & Director
    (604) 687-6197
    (604) 688-3392 (FAX)
    Website: www.animasresources.com