Silverstone Announces Adoption of Shareholder Rights Plan
2008年12月16日 - 8:53AM
Marketwired
Silverstone Resources Corp. ("Silverstone" or the "Company") (TSX
VENTURE: SST) announced today that its Board of Directors has
adopted a shareholder rights plan (the "Rights Plan"). The Rights
Plan, which took effect December 15, 2008, has been adopted to
ensure the fair treatment of shareholders in the event of any
take-over offer for the Company's common shares.
The Rights Plan is not intended to prevent take-over bids that
treat shareholders fairly. Bids that meet certain requirements
intended to protect the interests of all shareholders are deemed to
be "Permitted Bids" under the Rights Plan. Permitted Bids are
offers to acquire common shares of the Company made by way of
take-over bid circular and which must, among other requirements
described in the Rights Plan, remain open for at least 60 days.
Silverstone is not adopting the Rights Plan in response to, or
in anticipation of, any specific take-over bid or proposal to
acquire control of the Company. The Rights Plan is similar to plans
adopted by other Canadian companies. The full text of the Rights
Plan will be available on the SEDAR website at www.sedar.com.
Although effective as of December 15, 2008, the Rights Plan is
subject to ratification by the Company's shareholders at the next
annual meeting of shareholders. If ratified by shareholders, the
Rights Plan must be confirmed at every third annual meeting
thereafter. If not ratified by shareholders on or before June 15,
2009, the Rights Plan and all of the Rights outstanding at the time
will terminate.
The TSX Venture Exchange has conditionally accepted the Rights
Plan, subject to ratification by the shareholders of the
Company.
ABOUT SILVERSTONE
Silverstone is a silver and gold mining company with 100% of its
revenue from precious metal production. Silverstone expects to have
2008 silver sales of approximately 1.8 million ounces and
increasing to 4.5 million ounces silver equivalent in 2009. More
information is available online at: www.silverstonecorp.com.
This press release contains "forward-looking information" that
is based on Silverstone's current expectations, estimates,
forecasts and projections. This forward-looking information
includes, among other things, statements with respect to
Silverstone's mineral discoveries, plans, outlook and business
strategy. The words "may", "would", "could", "should", "will",
"likely", "expect", "anticipate", "intend", "estimate", "plan",
"forecast", "project" and "believe" or other similar words and
phrases are intended to identify forward-looking information.
Forward-looking information is subject to known and unknown
risks, uncertainties and other factors that may cause Silverstone's
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: projected sales or production rates; uncertainties
related to drilling results; the ability to raise sufficient
capital to fund exploration; changes in economic conditions or
financial markets; changes in prices for costs; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; technological or
operational difficulties or inability to obtain permits encountered
in connection with exploration activities; and labor relations
matters.
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. Silverstone disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
The TSX Venture Exchange has neither approved or disapproved of
the contents herein.
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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