Silverstone Announces Normal Course Issuer Bid
2008年8月20日 - 6:48AM
Marketwired
Silverstone Resources Corp. ("Silverstone") (TSX VENTURE: SST)
announces that it intends to make a normal course issuer bid (the
"NCIB"), to purchase, through the facilities of the TSX Venture
Exchange (the "Exchange"), certain of its outstanding common
shares, subject to the acceptance of the Exchange.
The number of common shares to be purchased through the
facilities of the Exchange during the one year period commencing on
August 20, 2008 of the NCIB will not exceed 9,865,333 Common
Shares, representing 10% of the public float outstanding on August
7, 2008 of 98,653,328 Common Shares. As at August 7, 2008, there
were 122,402,010 common shares issued and outstanding. Common
shares purchased pursuant to the NCIB will be cancelled.
Silverstone believes that the market price of the common shares
may, at certain times throughout the duration of the NCIB, be
undervalued. The purchase of the common shares will increase the
book value per common shares thereby resulting in share value
appreciation for shareholders.
ON BEHALF OF THE BOARD
Darren M. Pylot, President & CEO
ABOUT SILVERSTONE
Silverstone is a Canadian based public silver mining company
with 100% of its revenue from silver production. More information
is available online at: www.silverstonecorp.com.
Contacts: Silverstone Resources Corp. Chris Tomanik (604)
637-8151 Email: ctomanik@silverstonecorp.com Silverstone Resources
Corp. Mark Patchett (604) 637-8151 (604) 688-2180 (FAX) Email:
mpatchett@silverstonecorp.com Website: www.silverstonecorp.com
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