Avalon advanced materials adopts shareholder rights plan

Toronto, ontario--(newsfile corp. - april 9, 2025) - avalon advanced materials inc. (tsx: avl) (otcqb: avlnf) ("avalon" or the "company") announces that its board of directors (the "board") has approved the adoption of a shareholder rights plan (the "rights plan") effective as of april 8, 2025, pursuant to a shareholder rights plan agreement entered into with tsx trust company, as rights agent under the rights plan. the purpose of the rights plan is to ensure, to the extent possible, that all shareholders of the company are treated fairly in connection with any unsolicited take-over bid and to protect against "creeping bids," which involve the accumulation of more than 20%, on an aggregate basis, of the company's issued and outstanding common shares through purchases exempt from applicable take over-bid rules.
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