Daily Archives: August 22, 2012

In the city where she played high school ball, Cappie Pondexter helped the New York Liberty boost their playoff hopes in their last game.

The league's second-highest scorer will try to deliver again in the place where she started her WNBA career.

Pondexter and the Liberty look to extend the Phoenix Mercury's team-record losing streak to nine Thursday night when the clubs meet for the first time in 2012.

Loser of four of five heading into Tuesday's game at Chicago, New York (8-13) won 77-67 to move within one-half game of the Sky for the fourth and final playoff spot in the Eastern Conference.

Pondexter, the first two-time Ms. Illinois basketball while at Marshall High School, scored 25 points to bump her average to 20.3.

"Obviously it's important because you have a buildup of excitement from being home, but more importantly we needed this win to inch closer to the playoffs,'' she said after New York improved to 1-1 on its five-game trip.

Pondexter, who won WNBA titles with the Mercury in 2007 and 2009, returns to Phoenix for the third time since being dealt to New York in a three-team swap in 2010 that brought Candice Dupree to the Mercury.

In New York's last game in the desert, Pondexter scored 17 of her 25 points in the final 6:32 of a 74-70 victory Aug. 23.

It was a far better result than in her first trip to Phoenix as a visiting player, as she was ejected in the third quarter of a 97-82 loss July 3, 2010, for smacking Penny Taylor in the face on a layup attempt.

The Mercury (4-17) have been dealing with plenty of frustration as they've gone winless since June 29 and are one game ahead of Tulsa - owner of the league's worst record.

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Liberty-Mercury Preview

ROSEMONT, Ill. (AP) -- Cappie Pondexter scored 25 points and Plenette Pierson added 21 as the New York Liberty beat the Chicago Sky 77-67 Tuesday night.

The Liberty (8-13) saw an 18-point second half lead trimmed to six early in the fourth quarter, then rebuilt a double-digit advantage and maintained it the rest of the way. New York pulled one-half game behind Chicago for fourth place in the Eastern Conference.

''The team we were competing for the playoff spot is Chicago,'' Liberty coach John Whisenant said. ''So getting a win here was very important to us, trying to claw our way back into the playoff race.''

Sylvia Fowles scored 18 points, Shay Murphy had 16 and Epiphanny Prince added 10 for the Sky (8-12), who lost their seventh straight and 11th in 12.

Prince, playing in her third game since returning from a foot injury, was carried off the court with 4:51 to play after rolling her right ankle. She didn't return, but was seen standing courtside through the final minutes.

Fowles and Cash had six points apiece as Chicago led for all but the opening seconds on the way to a 21-16 after one quarter. Pierson paced New York with eight points.

Pondexter scored back-to-back buckets over a 21-second span late in the second quarter to give the Liberty their first lead since the opening minute. It was part of an 13-0 run that helped New York to a 40-32 halftime lead. Pondexter, who grew up in Chicago, had eight points in the period.

''Obviously it's important because you have a buildup of excitement from being home, but more importantly we needed this win to inch closer to the playoffs,'' she said.

The Liberty more than doubled the lead in the third quarter behind 12 points from Pondexter. New York led 61-43 with 1:23 remaining before Chicago pulled within 12 entering the final period.

''We have to put together longer stretches of defense,'' Sky coach Pokey Chatman said. ''You know what New York is going to bring. It starts with Cappie (Pondexter). She is the head of the snake and we didn't do a very good job of cutting that off. Plenette (Pierson) is back and healthy. They made plays.''

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Pondexter, Pierson lead Liberty past Sky

TORONTO, ONTARIO--(Marketwire - Aug. 21, 2012) - Liberty Silver Corp. (LSL.TO)(LBSV) announced today that it is extending its offer for all the issued and outstanding common shares of Sennen Resources Ltd. until 9 p.m. Toronto time on Monday, September 10, 2012.

"We remain confident that tendering to our offer represents the best value for Sennen shareholders rather than maintaining Sennen's status quo", Geoff Browne, Liberty Silver's chairman and chief executive officer said. "Sennen's board formed a special committee and hired financial and legal advisers more than a month ago to examine our offer. The special committee has yet to come up with a superior - or indeed, any - alternative proposal."

Under Liberty Silver's offer, Sennen shareholders will receive 0.28 of a Liberty Silver common share for each Sennen common share. The exchange ratio, at the time the offer was made, represented an implied price of $0.20 per Sennen share.

The offer represents a premium of 47.3% to the 20-day volume weighted average trading price ended July 13, 2012, being $0.135. This is also higher than the 34.8% average take-over bid premium paid for mining companies listed on the Toronto Stock Exchange and TSX Venture Exchange over the past 12 months. The offer is valued at approximately $13.36 million, an amount that is expected to exceed Sennen's net cash reserves when the proposed transaction closes.

Mr. Browne added: "The combination of Sennen's cash resources and Liberty Silver's skilled management team and prudent risk-mitigation strategy will enable us to advance the Trinity Silver project, as well as identify other low-risk opportunities to the benefit of shareholders of both our companies.

"With the recent acquisition of the Hi Ho properties, we have met yet another milestone. As promised, we have added significant upside to our established resource, moved very close to fulfilling our earn-in requirements, and further de-risked the project. We are now planning the best path towards re-starting production."

Other benefits of Liberty Silver's offer include:

Setting the Record Straight

Liberty Silver also wishes to correct misleading allegations contained in a press release issued by Sennen on August 20, 2012.

"Our directors have significant skin in the game, a clear indication of their confidence in Liberty Silver's business strategy and in Trinity Silver's bright prospects", Mr. Browne said.

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Liberty Silver Extends Offer for Sennen Resources