11:59 AM EST - VMS Ventures Inc. : announced that it received shareholder approval at the AGM to a shareholder rights plan, as adopted by the Company on December 12, 2011. The 2011 Rights Plan supersedes and replaces the Company's prior shareholder rights plan which expired as of the AGM. The 2011 Rights Plan is intended to provide for the fair treatment of shareholders in connection with any take-over bid for the Company. It is designed to provide sufficient time for the board of the Company and its shareholders to consider any unsolicited take-over bid without undue pressure and to give the Company's board time to consider alternatives to maximize shareholder value. VMS Ventures Inc.
shares V.VMS are trading even at $0.38.
