Sennen reports that the hostile take-over bid offer by Liberty Silver to acquire all of the issued and outstanding common shares of the Company expired at 9:00 p.m. on Monday, September 10. Pursuant to applicable securities legislation, Liberty is required to promptly issue a press release announcing either:
As Sennen Shareholders are aware, on July 16, 2012, the Company became the target of a hostile takeover attempt by Liberty Silver, an OTC Bulletin Board company that recently listed on the TSX. This Offer was to expire on August 21, 2012, but due to a substantial lack of support for it Liberty extended it until September 10, 2012 and may [...]
Sennen comments on the News Release dated August 22, 2012 issued by Liberty Silver Corp stating that Liberty intend to extend their hostile offer to Sennen Shareholders until September 10. 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 [...]
Liberty Silver 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 [...]
Sennen restates its reasons for recommending REJECTION of the Offer by Liberty Silver. 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 [...]
Sennen comments briefly on the second "Open Letter to Shareholders of Sennen Resources" dated August 9, 2012 issued by Liberty Silver. The Letter does nothing to refute the cogent reasons for rejection presented in Sennen's Circular and News Release dated July 31, 2012, and the Letter is replete with fundamental errors that display an embarassing [...]
Sennen notes Liberty Silver offer issued on July 16. 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 [...]
Sennen notes Liberty Silver 'Open Letter to Sennen shareholders' issued on July 26th 2012. For clarity, this unsolicited and hostile offer by Liberty was initiated without any prior discussion with Sennen management, and consequently, without providing Sennen any prior opportunity to conduct meaningful due diligence on Liberty. Liberty's stated [...]
Sennen announces that, further to its news releases of July 17th, 2012 and July 20th, 2012, Sennen has retained Jennings Capital Inc. as its financial advisor and Georgeson Shareholder Communications Canada Inc. to act as information agent in connection with the unsolicited takeover bid by Liberty Silver Corp. Shareholders are urged to take no [...]
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 [...]
Sennen notes the announcement of Liberty Silver Corp.'s unsolicited offer to acquire the outstanding shares of Sennen for .28 of a share of Liberty Silver for each share of Sennen. Sennen's Board will consider the offer and how it will impact the interests of Sennen's shareholders and other stakeholders. Shareholders are urged to take no action [...]
