Berkwood Resources Ltd. (
TSX: V.BKR,
OTCQB: CZSVF,
Forum) announced today that its Board of Directors has passed a resolution to adopt a shareholder rights plan. The objective of the plan is to promote equitable treatment of all shareholders, particularly with respect to any public offer for the purchase of the Company.
The initiative was passed pursuant to Berkwood’s success in its current drilling program. The Company has reported intersection of graphite mineralization in all ten of its first drill holes, assay results are pending. Further information can be found
here.
Berkwood was recently in the news earlier this month when it reported its drilling success and
a five-fold increase in its land package.
FULL DISCLOSURE: Berkwood Resources Ltd is a paid client of Stockhouse Publishing.