USA Symbol: Czsvf Frankfurt Symbol: BK2 Wkn: A110N3 Berkwood Resource Ltd. Adopts Shareholder Rights Plan
.
14th Floor - 1111 West Georgia Street, Vancouver, BC, V6E 4M3
Tel. 604-689-1799 Fax.604-689-8199
email: [email protected]
Website: www.berkwoodresources.com
September 21, 2017 TSX-V SYMBOL: BKR
USA SYMBOL: CZSVF
FRANKFURT SYMBOL: BK2
WKN: A110N3
BERKWOOD RESOURCE LTD. ADOPTS SHAREHOLDER RIGHTS PLAN
September 21st, 2017, VANCOUVER, B.C. – Berkwood Resources Ltd. (TSX-V: BKR) (USA:
CZSVF) (FSE: BK2 WKN: A110N3 ) (“Berkwood” or the “Company”) is pleased to announce
that its Board of Directors (the “Board”) has adopted a shareholder rights plan (the “Plan”). The
Plan is designed to promote equitable treatment of our shareholders in any public offer aimed at
the purchase of the Company.
Tom Yingling, President and CEO states, “Berkwood Resources is well positioned in the high
tech mineral Industry as not only has it intersected Graphite in all of the ten holes drilled to date
on its Lac Gueret property beside Mason Graphite’s deposit, but the Company is also well
positioned with its Cobalt and Lithium projects as well. The success in the early stages of the
Lac Gueret drill program confirms that the geophysics are confirming the presence of a large
Graphite body. Drilling is planned to continue soon to delineate the Graphite body.
Management has decided to proceed with the shareholder rights plan in order to ensure that the
shareholders of Berkwood would get the most valuable takeover amount should an offer be
presented.“
The Shareholder Rights Pla n will be similar to plans adopted by other Canadian mineral
exploration & mining companies and ratified by their shareholders. The Plan has been designed
to encourage fair and equal treatment of shareholders in connect ion with any takeover bid for
Berkwood’s outstanding securities, and will provide the Board of Directors adequate time to
consider and evaluate any unsolicited bid for the common shares of the Company (the “Common
Shares”); adequate time to identify, devel op and negotiate value -enhancing alternatives, if
considered appropriate, to any such unsolicited bid; the Company’s shareholders are treated
fairly in connection with any take-over bid made for the Common Shares; and the Board can take
steps to enhance shareholder value if an unsolicited bid is received. Berkwood is not adopting the
Plan in response to any specific proposal to acquire control of its outstanding securities.
The Shareholder Rights Plan is intended to encourage any bid to satisfy certain minimum
standards designed to promote fairness. If a bid fails to meet these minimum standards, the rights
2
issued under the plan will entitle shareholders, other than any share holder or shareholders
involved in the bid, to purchase additional Common Shares at a substantial discount to the
market price.
The Plan is subject to the approval of the TSX Venture Exchange . While the Shareholder Rights
Plan comes into effect immediately, it is subject to a shareholder ratification within six months of
its adoption. The Shareholder Rights Plan will be presented for ratification by the shareholders at
the Company's annual general and special meeting which will be scheduled and announced
shortly.
If ratified, the Plan will have an initial term which will expire at Berkwood’s annual general
meeting of shareholders to be held in 2021, the Plan may also be reconfirmed and extended at
that annual general meeting and at every third annual gener al meeting thereafter. If ratified as
disclosed above, a copy of the new rights plan will be available for viewing on SEDAR at
http://www.sedar.com and may also be obtained from Berkwood subsequent to the extraordinary
general meeting of shareholders.
Please visit www. Berkwoodresources.com to view pictures and videos of our current drill
program.
On Behalf of the Board of Directors,
“Thomas Yingling”
Thomas Yingling
President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
Email: [email protected]
Phone: 1-778-945-2935
www.berkwoodresources.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
Disclaimer for Forward-Looking Information:
Certain statements in this releas e are forward -looking statements, which reflect the expectations of management. Forward-looking statements
consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or inte ntions regarding the
future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ m aterially
from those contained in the statements. No assurance can be given that any of the events anticipated by the forwa rd-looking statements will
occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current
views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect.