Sennen Resources Ltd. Comments on Liberty Silver Corp. Offer
20.07.2012 | Marketwire
VANCOUVER, BRITISH COLUMBIA -- (Marketwire - July 20, 2012) - Sennen Resources Ltd. (TSX VENTURE:SN) ("Sennen") announces that, further to its news release of July 17th, 2012, the Board of Directors has formed a special committee comprised of independent directors Douglas B. Hyndman, Jim Robertson, and J. Merfyn Roberts to assist the Sennen Board in fulfilling its fiduciary duties. The special committee will evaluate and consider the adequacy of the unsolicited offer received from Liberty Silver Corp.Ian Rozier, CEO, said, "The Board of Directors is proceeding, with the assistance of its financial and legal advisors, to review the Liberty offer. Since the date of the offer, Sennen has received many unsolicited communications from shareholders who have overwhelmingly expressed their objection to and concern with the offer. These objections have been communicated to the Board. Shareholders are urged to take no action concerning the Liberty offer until the Board makes its formal recommendation. Shareholders will be notified by the Board of this recommendation through a news release and circular in accordance with applicable securities laws."
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.
Contact Information
Sennen Resources Ltd.
Barbara Dunfield, C.F.O.
604-685-6851
604-685-6493 (FAX)
info@sennenresources.com
www.sennenresources.com