Aris Mining Corp T.ARIS

Alternate Symbol(s): CLGDF | T.ARIS.WT.A | ARMN | N.AMNG.NT.U

Industrial Metals & Minerals

Aris Mining Corporation is a gold producer in the Americas. The Company is engaged in operating two mines with expansions underway in Colombia. The Segovia Operation is located in the Segovia-Remedios mining district in the department of Antioquia, Colombia, approximately 180 kilometers (km) northeast of Medellin. The Segovia Operations comprises four active underground gold mining operations, which include El Silencio, Sandra K, Providencia, and Carla. It has over 11 titles with a total area of 5,335.58 hectares (ha). The Marmato underground gold mine is located on the west side of the town of Marmato, in Marmato municipality of Caldas Department, in the Republic of Colombia, approximately 80 km from Medellin and 200 km northwest of the capital city of Bogota. The Company is also the operator and 51% owner of the Soto Norte Project, which is advancing to develop a new underground gold, silver and copper mine. In Guyana, it is advancing the Toroparu, a gold/copper project.

TSX:ARIS - Post by User

Aris Mining Corp

Bullboard Posts

Comment by Northforce13on Jan 03, 2019 3:36pm

118 Views

Post# 29183126

RE:How does the Shareholder Rights Plan/Poison pill work?

Uh, no, that's not quite how it works. If you read it carefully and think about it, a "shareholder rights" plan means that hostile takeover bids become nearly impossible because takeover offers have to be approved by the board of directors. Hostile takeover bids are almost always at a very high premium... because they are hostile and the board is likely getting ousted.

So, the board of directors has eliminated the possibility of such a bid and has removed your right to be presented and vote on such a bid.

It doesn't enhance your rights it handicaps them.

The effect is to benefit the board, not the shareholders.

Nice to hit back above 3.

GLTA