Starcore International Mines Ltd.

Starcore International Mines Ltd.

May 11, 2011 09:00 ET

Starcore Adopts Shareholder Rights Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2011) - Starcore International Mines Ltd. ("Starcore" or the "Company") (TSX:SAM) announces that its Board of Directors has approved the adoption of a Shareholder Rights Plan (the "Rights Plan"). The Rights Plan helps to ensure the fair treatment of Starcore's shareholders in the event of any transaction involving a change of control of the Company.

The Rights Plan provides Starcore's board and shareholders with additional time to evaluate any unsolicited takeover bids and provides the board with adequate time, where appropriate, to seek out alternatives to maximize shareholder value. The Rights Plan is effective immediately and is subject to acceptance by the Toronto Stock Exchange and approval by shareholders at an extraordinary general meeting of Starcore shareholders to be held on June 3, 2011.

The Rights Plan has not been instituted in response to any proposal to acquire control of Starcore, nor is Starcore aware of any such proposals. A copy of the Rights Plan is included with the information circular sent out to shareholders and can be viewed on SEDAR at

For more information on the Company visit our website at


Robert Eadie, Chief Executive Officer

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Starcore International Mines Ltd.
    Robert Eadie
    Chief Executive Officer
    1-604-602-4935 or Toll Free: 1-866-602-4935
    1-604-602-4936 (FAX)