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B.C.

Photon Control adopts shareholder rights plan to give board defensive tool

BURNABY, B.C. – The board of Photon Control Inc. (TSXV:PHO) has adopted a shareholder rights plan, a defensive move that could provide time for it to pursue alternatives if an unsolicited takeover offer emerges. Photo Control says it hasn’t received a specific takeover bid but it has received “expressions of interest” from time to time. Phton Control had a market value of about $5 million at the close of trade on Monday.

Argentum triggers option to acquire two Mexican silver properties from Soltoro

VANCOUVER – Argentum Silver Corp. (TSXV:ASL) has acquired the Coyote and Victoria properties in western Mexico by triggering the early-exercise provisions of a 2011 option agreement with Soltoro Ltd. (TSX:SOL). Argentum also owns the Lachiguiri and Silacayoapan properties, in southern Mexico. Soltoro will have rights to receive royalties on production from the properties and owns about 6.7 million shares of Argentum, or about 15 per cent of its total common shares outstanding.