Augusta Resource Corp shareholders have voted to keep the company's shareholder rights plan in place, the miner said on Friday, a setback for HudBay Minerals Inc's hostile bid for the company. Shareholder rights plans, often called poison pills, are designed to make hostile takeovers difficult. HudBay has asked securities regulators to cease trade the poison pill, which would render it ineffective despite the vote.
Augusta Resource Corporation (Augusta) is engaged in the acquisition, exploration and development of natural mineral resource properties. Shares of AZC fell by 4.85% or $-0.1401/share to $2.75. In the past year, the shares have traded as low as $0.45 and as high as $3.29. On average, 321713 shares of AZC exchange hands on a given day and today's volume is recorded at 251854.
Augusta Resource Corporation (Augusta) is engaged in the acquisition, exploration and development of natural mineral resource properties. Shares of AZC fell by 5.05% or $-0.16/share to $3.01. In the past year, the shares have traded as low as $0.48 and as high as $3.64. On average, 645876 shares of AZC.TO exchange hands on a given day and today's volume is recorded at 588429.
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