As expected, the deal for Liberty Silver Corp. (LBSV) to acquire all the issued and outstanding shares of Sennen Resources Ltd. was a failure. The tender offer, formally announced on July 9th, drove LBSV stock from 0.75 to a new 52 week high Friday, 1.26, gaining 68% from the offer which expired at 9:00 pm EDT on September 10, 2012. Now that the mineral explorer has driven its market capitalization over 100 million, and is returning the deposited shares to the Sennen shareholders, what can be expected come Monday?
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LBSV Stock Chart
Market Cap: 100.08M
Close: 1.26, up 0.10 (8.70%)
Dollar Volume: $1,044,414
Average Trade Size: 3,911
Issued and Outstanding: 80,060,834
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If you did surrender your Sennen Resources shares, you can contact:
Kingsdale Shareholder Services Inc.
The Exchange Tower
130 King Street West, Suite 2950, P.O. Box 361
Toronto, Ontario M5X 1E2
North American Toll Free Phone: 1-866-581-0512
Toll-Free Facsimile: 1-866-545-5580
Outside North America, Banks and Brokers Call Collect: 416-867-2272
About LBSV Stock
Liberty Silver is focused on exploring and developing mineral properties in North America. The ability of the Company to emerge from the exploration stage is dependent upon, among other things, obtaining additional financing to continue operations, explore and develop the mineral properties and the discovery, development, and sale of reserves.
Bottom Line: Between the two penny stocks, LBSV and LBGO, you have two Liberties which any free trading investor has the right to surrender at their disposal. LBSV stock should see a dumpster of disposal come next week since this was really all they had going for them. Note: no beavers were exploited for the purposes of pumping Liberty Silver Corp.
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