Gabo Mining Ltd (MLLOF)

[Stream205]

REE: Possible takeover?


"The purpose of this Plan is to ensure the fair treatment of all Rare Element shareholders in connection with any possible future takeover bids for the outstanding common shares of the Company. It also allows the Board and the shareholders adequate time to properly evaluate and assess a takeover bid without facing undue pressure or coercion. The Plan is similar to the plans adopted by other Canadian companies and a copy of the Plan will be filed on SEDAR."

http://finance.yahoo.com/news/Rare-Element-receives-58-prnews-4243779548.html?x=0&.v=68



NOTE: Medallion Resources, MLLOF.PK owns a 65% option on REEs massive Eden Lake Project. A takeout of REE will likely mean a takeout of MLLOF.PK as well. Am I wrong ?