Skye’s rights plan draws questions as it pursues Fenix project funding

Dec 20, 2006 | 10:43 AM |

Skye Resources Inc.'s decision to adopt a shareholder rights plan comes as the Vancouver, British Columbia,-based company is seeking $750 million to finance construction of its Fenix nickel project in Guatemala.

The announcement of the shareholder rights plan (AMM, Dec. 20) raised eyebrows among industry analysts because the company is not currently a takeover target. In fact, according to one analyst no one showed interest in the company when it was being shopped around.....

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