Fabled Silver Gold Corp T.FCO

RE: Ratification and Approval of New Shareholder R

[JohnEStromJr]

fcoinvestor,

Sedar's documents for FCO does not go back to July 12, 1995 - only to July 11, 1997.  Here is some of the verbiage from the current shareholder's rights plan which I found - you need a battery of lawyers to decipher it - as was intended BUT suffice to say the plan ONLY applies in the event of a "takeover".   If avoids the wording, "hostile" which I find interesting but here - from FCO's shareholder's 'plan'.....

".....each Right entitles the holder to acquire one Common Share for an exercise
price (the “Exercise Price”) equal to FOUR TIMES [[my emphasis]]  the prevailing market price (being the average of
the 20 consecutive trading days’ daily closing prices per share) of a Common Share as at the
Separation Time (subject to certain adjustments). 


”Resolved that:

(a) the shareholder rights plan agreement (the “Rights Plan”), as described in the
Company ‘s Information Circular for the June 18, 2010 annual general meeting is
hereby confirmed, ratified and approved;

(b) the Company is authorized to ABANDON  [[my emphasis]]  the Rights Plan if the Company’s Board of
Directors deems it appropriate and in the best interests of the Company to do so;
and

(c) ANY ONE [[my emphasis]]  or more of the directors or officers of the Company are authorized to
perform all such acts, deeds and things and execute, under seal of the Company
or otherwise, all such documents as may be required to give effect to this
resolution.”


NOT very impressive protection for shareholders OTHER THAN insiders.  What's new!  :/