VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2012) - Sennen Resources Ltd (SN.V) (\"Sennen\" or the \"Company\") notes Liberty Silver Corp.'s (\"Liberty\") offer issued on July 16, 2012 (the \"Liberty Offer\"). The Board of Directors of Sennen has carefully reviewed and considered the Liberty Offer and their UNANIMOUS recommendation to Sennen Shareholders is to REJECT the Liberty Offer and NOT TENDER their Sennen Shares, and that any Sennen Shareholder who has tendered their Sennen Shares to the Liberty Offer should formally WITHDRAW those Sennen Shares. <\/p>\n
In unanimously concluding that the Liberty Offer is inadequate and not in the best interests of Sennen Shareholders, the Board of Directors, upon the recommendation of a Special Committee of the Board, and with a written opinion from Jennings Capital Inc. (\"Jennings\"), and in consultation with technical consultants, identified a number of negative aspects of the Liberty Offer as being most relevant, including the following: <\/p>\n
Sennen is Better Positioned to Maximize the Value to Sennen Shareholders. <\/p>\n
Liberty is Unable to Raise Cash. <\/p>\n
Sennen Shareholders Would Be Contributing Substantially More Than They Would Receive. <\/p>\n
Liberty's Trinity Silver Project is of Unknown Value and of No Interest to Sennen <\/p>\n
Liberty has Limited Operating History; Sennen has a Track Record of Success. <\/p>\n
Liberty has Issued 68,400,000 Shares at an Effective Price of Less than $0.01. <\/p>\n
Management's Financial Commitment <\/p>\n
The Liberty Offer is Financially Inadequate <\/p>\n<\/p>\n
See more here:<\/p>\n
Sennen Board Recommends Shareholders Reject Liberty's Hostile Offer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 31, 2012) - Sennen Resources Ltd (SN.V) (\"Sennen\" or the \"Company\") notes Liberty Silver Corp.'s (\"Liberty\") offer issued on July 16, 2012 (the \"Liberty Offer\"). Continue reading