VANCOUVER, Nov. 6 /CNW/ - The Board of Directors of Mexivada Mining Corp.
has elected to adopt a Shareholder Rights Plan that will be presented for
ratification by the shareholders at the Company's Annual General Meeting to be
held on December 3, 2007.
The Shareholder Rights Plan has been adopted to ensure the fair treatment
of all shareholders with respect to any takeover bid for the common shares of
Mexivada. 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
This rights plan is not being adopted in response to any proposal to
acquire control of the company.
About Mexivada Mining Corp.
Mexivada is a diversified Canadian mineral exploration company focused on
identifying, acquiring, advancing, and joint venturing high-grade Gold-Silver,
Molybdenum, Diamond, and Rare Metal exploration projects in Mexico, Nevada,
and the ROC Republic of Congo. Managed by experienced and successful board
members and advisors, Mexivada is well financed with no debt. For further
information, including area maps, sections, and photos, please visit our web
site at www.mexivada.com or contact us by e-mail at email@example.com.
ON BEHALF OF THE BOARD OF DIRECTORS
"RICHARD R. REDFERN"
Richard R. Redfern
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Caution Concerning Forward-Looking Statements This news release and
related texts and images on Mexivada's website contain certain
"forward-looking statements" including, but not limited to, statements
relating to interpretation of mineralization potential, drilling assay
results, future exploration work, and the expected results of this work.
Forward looking statements are statements that are not historical facts and
are subject to a variety of risks and uncertainties which could cause actual
events or results to differ materially from those reflected in the
forward-looking statements, including, without limitation: risks related to
fluctuations in metals and diamond prices; uncertainties related to raising
sufficient financing to fund the planned work in a timely manner and on
acceptable terms; changes in planned work resulting from weather, logistical,
technical, governmental, social, or other factors; the possibility that
results of work will not fulfill expectations and realize the perceived
potential of the company's projects; uncertainties involved in the
interpretation of sampling and drilling results and other tests; the
possibility that required permits may not be obtained in a timely manner; risk
of accidents, equipment breakdowns or other unanticipated difficulties or
interruptions; the possibility of cost overruns or unanticipated expenses in
these work programs. Forward-looking statements contained in this release are
based on the beliefs, estimates, and opinions of management on the date the
statements are made. There can be no assurance that such statements will prove
accurate. Actual results may differ materially from those anticipated or
projected. Mexivada Mining Corp. undertakes no obligation to update these
forward-looking statements if management's beliefs, estimates, opinions, or
other factors, should change.
For further information:
For further information: LionsGate Communication Corp., Telephone: (866)
922-6774, or (604) 866-7700, firstname.lastname@example.org, www.mexivada.com