VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2012) - Sennen Resources Ltd. (SN.V) (\"Sennen\" or \"the Company\") restates its reasons for recommending REJECTION of the Offer by Liberty Silver Corp. (\"Liberty\"). <\/p>\n
Do not tender your Sennen Shares to the Liberty Offer. Sennen Shareholders are reminded that the Board of Directors have recommended REJECTION of the Liberty Offer for the reasons set out in the Director's Circular dated July 30, 2012. There is no need for Sennen Shareholders to do anything to REJECT the Liberty Offer. Please refer to the Director's Circular, which is available on SEDAR, for more detailed reasons for REJECTION, and steps to take if you have already tendered your Sennen Shares. <\/p>\n
Various Letters and News Releases issued by Liberty's management are replete with irrelevant statements and innumerable errors that demonstrate a lack of understanding of the industry in which they purport to operate. <\/p>\n
In order to clarify matters Sennen restates the following: <\/p>\n
Stated Ian Rozier, President and CEO of Sennen, \"Liberty's Offer is an insult to the intelligence of Sennen Shareholders who understand that this is a clear case of the management and promoters of an OTC shell company with very little money and questionable assets trying to back their ludicrously overvalued paper into an established company with tangible assets-in this case Sennen and its treasury. As previously stated, the simple fact is that Sennen Shareholders are being asked to make a very high risk Private Placement of $13.5M into a junior explorer that the market, its own management, its directors, shareholders and promoters are apparently unwilling to do. Based on this we can only assume that they collectively agree with Sennen's management and directors as to the real value of Liberty Silver. We repeat once again, Liberty's Offer is of zero interest to Sennen's Board, management, as well as to shareholders representing a majority of the Company's shares, if indeed any of them.\" <\/p>\n
Sennen's Board of Directors recommends Sennen Shareholders do NOT tender their Sennen Shares to the Liberty Offer and are reminded that the Board of Directors have recommended REJECTION of the Liberty Offer for reasons as set out in the Director's Circular dated July 30, 2012. There is no need for Sennen Shareholders to do anything to REJECT the Liberty Offer. Please refer to the Director's Circular, which is available on SEDAR, for more detailed reasons for REJECTION, and steps to take if you have already tendered your Sennen Shares. <\/p>\n
Neither the TSX Venture Exchange (the \"TSXV\") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has reviewed, nor do they accept responsibility for the adequacy or accuracy of, this release. <\/p>\n<\/p>\n
Read more: <\/p>\n
Sennen Restates Reasons for Rejection of Liberty's Hostile Offer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2012) - Sennen Resources Ltd. Continue reading