Oromin delays separation time under rights plan
( not sure what this all is saying???)
Mr. Chet Idziszek reports
OROMIN DELAYS SEPARATION TIME UNDER RIGHTS PLAN
The directors of Oromin Explorations Ltd. have elected, pursuant to the company's shareholders rights plan agreement, to defer the separation time for the rights issuable under the rights plan until such later date as they may determine. Pursuant to the rights plan, the separation time would have otherwise been the close of business on June 17, 2013, as a result of the June 3, 2013, announcement by Teranga Gold Corp. of its intention to make an offer to acquire all of the common shares of the company that it does not already own.
Oromin also reports that it is aware that a lawsuit referred to in the June 11, 2013, news release of Bendon International Ltd. has been commenced by Bendon in the Ontario Superior Court of Justice. The lawsuit names Teranga, Oromin and Oromin's wholly owned subsidiary, Sabodala Holding Ltd., as defendants. Oromin has not yet been served with the lawsuit and will consider its response in due course.