Sennen: Liberty’s Offer Is A Hostile Takeover Attempt

Sennen Resources Ltd. (TSXV:SN) acknowledged Liberty Silver Corp’s “OPen Letter To Sennen shareholders,” stating that the offer was not previously discussed and the company considers it to be a hostile takeover attempt.

As quoted in the press release:

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 intention to remove the directors of Sennen and, subject to certain conditions, delist the Company’s shares in order to access the Company’s treasury contradicts their newly stated desire of “concluding a friendly deal with Sennen”. Sennen shareholders are advised that Liberty’s offer is a ‘hostile’ take-over attempt.

Click here to read the full press release.