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.
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 ..
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Silverstone Resources Corp.
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CODE : SST.V |
ISIN : CA82846B1013 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Silverstone Res. is a silver royalty company based in Canada. Silverstone Res. is listed in Canada and in Germany. Its market capitalisation is CA$ 243.7 millions as of today (US$ 218.3 millions, € 158.1 millions). Its stock quote reached its highest recent level on March 07, 2008 at CA$ 3.60, and its lowest recent point on November 21, 2008 at CA$ 0.30. Silverstone Res. has 123 077 000 shares outstanding. |