Augusta allowed to continue ‘poison pill’ plan

May 05, 2014 | 04:37 PM | Saranya Kapur

Tags  copper, HudBay Minerals, Augusta Resource, Rosemont, British Columbia Securities Commission, poison pill, shareholder rights plan, Saranya Kapur

NEW YORK — Augusta Resource Corp. can keep its shareholder rights plan in place unless HudBay Minerals Inc. extends its offer to purchase Augusta shares to July 16, the British Columbia Securities Commission has ruled.

If HudBay extends its offer, the plan must terminate on July 15 and HudBay must provide a 10-day extension beyond July 15 if it takes up any shares under the offer.....

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