Canada Southern Petroleum Waives Shareholder Rights Plan
July 23rd, 2006The Board of Directors of Canada Southern Petroleum Ltd. announced today that it has waived the application of the Limited Duration Shareholder Rights Plan adopted May 24th, 2006. The Rights Plan was established following the commencement of Petro-Canada’s unsolicited offer for Canada Southern.
“The original purpose of the Rights Plan was to allow the Board sufficient [...]