Tyler Resources Inc Provides Update on Shareholder ... by 24hgold

Mots clés associés : G Mexico | Precious Metals |

Marketwire


Tyler Resources Inc.
TSX VENTURE:	TYS

Other Recent News

December 10, 2007
Tyler Resources Provides Update on Shareholder Rights Plan - Company continues active discussions with third parties -
CALGARY, ALBERTA--(Marketwire - Dec. 10, 2007) - Tyler Resources Inc. (TSX VENTURE:TYS) ("Tyler" or the "Company") today advised shareholders that Mercator Minerals Ltd. has made an application to the Alberta Securities Commission (ASC) challenging the Company's Shareholder Rights Plan. Tyler also confirmed that it is continuing to actively discuss potential value-enhancing transactions with a number of third parties. A hearing to consider Mercator's application has been scheduled by the ASC for December 14th, 2007. "The Rights Plan is intended to ensure that Tyler has time to seek competing proposals to Mercator's opportunistic and financially inadequate takeover bid for the Company," said Jean Pierre Jutras, President and CEO of Tyler. "We are actively engaged in discussions with a number of third parties regarding potential alternative transactions that may enhance shareholder value. Removing the rights plan at this time will prevent Tyler from completing this process and will therefore be highly detrimental to Tyler Shareholders." Tyler's Board of Directors adopted the Shareholder Rights Plan on September 6th, 2007 and it received regulatory approval on September 25th, 2007. The Shareholder Rights Plan is now in effect but remains subject to ratification and confirmation by Tyler Shareholders at Tyler's next Annual General Meeting, which is expected in the first quarter of 2008. The unsolicited Mercator Offer does not meet the criteria required for it to be a "Permitted Bid" under the Shareholder Rights Plan, including the criterion that it remain open for acceptance for at least 60 days. The Tyler Board remains firm in its unanimous recommendation that shareholders reject the unsolicited Mercator Offer and not tender their shares. How to Withdraw Shares from the Mercator Offer Shareholders who have already tendered their shares to the Mercator offer and wish to withdraw them, may do so by contacting Kingsdale Shareholder Services Inc., the information agent retained by Tyler, toll free at 1-866-639-3460. Shareholders may also contact Kingsdale Shareholder with any questions they have regarding the Mercator offer and/or Tyler's recommendation. About Tyler Resources Tyler Resources Inc. is a well-funded Canadian junior exploration company focused on base and precious metals exploration in Mexico. Tyler's primary project is the Bahuerachi property, which hosts Mexico's fourth largest mineralized porphyry deposit. As part of its ongoing drill program, the Company has now drilled in excess of 52,000 meters of combined diamond and reverse circulation drilling since 2004, making it one of the most active Canadian junior exploration companies operating in Mexico. For more information, visit www.tylerresources.com. Jean-Pierre Jutras, Director, President and Chief Executive Officer Tyler Resources Inc. Reader Advisory Except for the historical and present factual information contained herein, the matters set forth in this news release, including words such as "expects", "projects", "plans", "anticipates", will and similar expressions, are forward-looking information that represents management of Tyler's internal projections, expectations or beliefs concerning, among other things, future operating results and various components thereof or the economic performance of Tyler. The projections, estimates and beliefs contained in such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause Tyler's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, those described in Tyler's filings with the Canadian securities authorities. Accordingly, holders of Tyler shares and potential investors are cautioned that events or circumstances could cause results to differ materially from those predicted. Tyler disclaims any responsibility to update these forward-looking statements. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Corporate Contacts
Tyler Resources Inc.
Jean Pierre Jutras
President/CEO/Director
(403) 269-6753 or Toll Free 1-888-237-7898

or

Media Contacts
Longview Communications
Alan Bayless
(604) 694-6035

or

Media Contacts
Longview Communications
David Ryan
(604) 694-6031

or

Shareholder Information
Kingsdale Shareholder Services Inc.
Toll Free: 1-866-639-3460

INDUSTRY: Manufacturing and Production - Mining and Metals

Footer

Légende
	Production
	Mine développement
	Découverte
	Exploration
	Ancien producteur
Sur Google Earth, cliquez sur les pictogrammes, pour voir les informations du projet, accéder à sa page, ou à la page de la compagnie.