DUMONT NICKEL INC. (DNI: TSX-Ven, DG7: Frankfurt)
TORONTO, Sept. 19 /CNW/ - Dumont Nickel Inc. (DNI:TSX-Ven, DG7:FSE) is
pleased to announce that its shareholders overwhelmingly approved and ratified
the Company's Shareholder Rights Plan during Dumont's Annual and Special
Meeting held on September 12, 2008. The Plan has also been approved by the TSX
The Rights Plan, announced on July 29, 2008, was adopted by Dumont's
Board of Directors, to ensure, to the extent possible, that all Dumont
shareholders are treated equally and fairly in connection with any take-over
bid, and to provide sufficient time for all shareholders to consider any such
transaction. Dumont is not aware of any pending of threatened take-over bids
for the Company.
Under the Plan, shareholders are issued one Right in respect of each
Dumont common share held, such Right being attached to the share. On the
occurrence of certain triggering events, including the acquisition by a person
or group of 20% or more of the outstanding common shares of the Company
pursuant to a transaction that does not meet certain conditions, the Right
will entitle its holder (other than the acquiring person or group) to purchase
$40.00 worth of Dumont common shares at the then market price for $20.00 (ie:
at a 50% discount).
The complete text of the Shareholder Rights Plan agreement is available
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
DNI - TSX Venture
DG7 - Frankfurt
For further information:
For further information: Dumont Nickel Inc. - Shahe Sabag, President &
CEO or Denis Clement, Chairman, (416) 595-1195, email firstname.lastname@example.org.
Also visit www.dumontnickel.com