CALGARY, Dec. 14 /CNW/ - The Alberta Securities Commission (ASC) has
dismissed an application made by Mercator Minerals Ltd. requesting that the
ASC cease-trade a Shareholder Rights Plan implemented by Tyler Resources Inc.
In its oral decision, the ASC panel dismissed the application by
Mercator, a Vancouver-based exploration and development company, that had
recently made a take-over bid for all the shares of Tyler, a Calgary-based
exploration company. The ASC panel indicated that dismissing the application
was in the interests of Tyler shareholders.
The panel will issue its written reasons for the decision at a later
The ASC is the regulatory agency responsible for administering the
province's securities laws. It is entrusted to foster a fair and efficient
capital market in Alberta and to protect investors. As a member of the
Canadian Securities Administrators, the ASC works to improve, coordinate and
harmonize the regulation of Canada's capital markets.
For further information:
For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4481, email@example.com; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488