(via Thenewswire.ca)
TORONTO, CANADA - YANGAROO Inc. (TSX-V: YOO, OTC: YOOIF) ("YANGAROO" or the "Company"), the industry's leading secure digital media management company, announces that the Company's Board of Directors has adopted a renewed Shareholder Rights Plan (the "Rights Plan") following its expiration. The Rights Plan has received conditional approval from the TSX Venture Exchange.
The Rights Plan is substantially similar to YANGAROO's previous shareholder rights plan, ratified by the shareholders in June 2009. The Company has not received a take-over bid, and a copy of the Rights Plan is available on SEDAR.
Although effective immediately, the Rights Plan will be presented to the shareholders for ratification at YANGAROO's Annual General and Special Meeting, to be held in June 2013.
About YANGAROO:
YANGAROO is a company dedicated to digital media management. YANGAROO's patented Digital Media Distribution System (DMDS) is a leading secure B2B digital cloud based solution focused on the music and advertising industries. The DMDS solution provides more accountable, effective, and far less costly digital management of broadcast quality media via the Internet. It replaces the physical, satellite and closed network distribution and management of audio and video content, for music, music videos, and advertising to television, radio, media, retailers, and other authorized recipients. The YANGAROO Awards platform powers many of North America's major awards shows.
YANGAROO has offices in Toronto, New York, Los Angeles, and Dallas. YANGAROO trades on the TSX Venture Exchange (TSX-V) under the symbol YOO and in the U.S. under OTCBB: YOOIF. For further information, please contact Gary Moss at 416-534-0607 ext.111 or visit www.yangaroo.com.
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The statements contained in this release that are not purely historical are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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