Silver Bullion Trust exposes the truth behind Sprott''s misinformation campaign; Unitholders should REJECT the hostile Sprott offer by TAKING NO ACTION
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 09/14/15 -- Dear Fellow Unitholders,
The hostile take-over bid launched by Sprott Asset Management LP, a subsidiary of Sprott Inc. (together with Sprott Physical Silver Trust ("Sprott PSLV") and its affiliates, "Sprott") is set to expire on Friday September 18th, unless extended or withdrawn.
At this critical juncture in Silver Bullion Trust''s (TSX: SBT.UN)(TSX: SBT.U) ("SBT") history, your Trustees wish to set the record straight once and for all and expose Sprott''s misinformation campaign for what it really is - a smear campaign filled with misleading statements to deflect your attention away from their inadequate, self-serving hostile offer. Don''t be fooled by Sprott''s empty rhetoric - REJECT Sprott''s self-serving, hostile offer; TAKE NO ACTION or WITHDRAW YOUR UNITS if already tendered.
"There are lies, damned lies and statistics" - Mark Twain
THE CHOICE IS CLEAR: REJECT Sprott''s offer by TAKING NO ACTION
WITHDRAW YOUR UNITS if already tendered
For more information, please visit .
More detailed information regarding Sprott''s offer and the reasons for your Trustees'' recommendation to SBT unitholders to REJECT Sprott''s offer can be found on SBT''s website at . Unitholders are urged to read the documents provided on our website in detail before making any decision about Sprott''s offer.
Your Trustees recommend that unitholders REJECT Sprott''s offer, TAKE NO ACTION, DO NOT TENDER their units to Sprott''s offer and WITHDRAW their units if already tendered.
The Trustees caution unitholders regarding any advice or recommendations they may receive from their financial advisors or brokers, which may be biased and based on their desire to collect solicitation fees from Sprott. Sprott is paying your broker to convince you to tender. Don''t be talked into tendering - brokers are only being paid on units tendered.
Thank you for your consideration of these concerns, and we thank you for your continued support of Silver Bullion Trust.
Sincerely,
Bruce Heagle, Chair of the Special Committee of Independent Trustees
J.C. Stefan Spicer, Founder, Chairman and CEO
About Silver Bullion Trust
Silver Bullion Trust (established on July 9, 2009) is a passive, self-governing, single purpose trust, which invests primarily in long-term holdings of physical silver bullion and it does not speculate in silver prices. At September 11, 2015, the units of Silver Bullion Trust were 100% invested in unencumbered, allocated and physically segregated silver bullion.
Forward-Looking Statements
Statements contained in this letter that are not historical facts, including those related to the anticipated continuing benefits of SBT''s structure and the anticipated consequences and impacts of Sprott''s offer and the proposed enhanced redemption feature, are forward-looking statements that involve assumptions, risks and uncertainties. Actual results or outcomes could differ materially from those expressed or implied by such statements. Accordingly, such statements should not be unduly relied upon. Factors that could cause or contribute to such differences include, but are not limited to, those risks detailed in SBT''s filings with the Canadian securities regulatory authorities. Except as required by applicable securities laws, SBT disclaims any obligation to update or revise these forward-looking statements.
Contacts:
D.F. King & Co.
North America Toll-Free: 1-800-398-2816
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 14.09.2015 - 05:50 Uhr
Sprache: Deutsch
News-ID 1385108
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
TORONTO, ONTARIO
Phone:
Kategorie:
Mining & Metals
Anmerkungen:
Diese Pressemitteilung wurde bisher 127 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Silver Bullion Trust exposes the truth behind Sprott''s misinformation campaign; Unitholders should REJECT the hostile Sprott offer by TAKING NO ACTION
"
steht unter der journalistisch-redaktionellen Verantwortung von
Silver Bullion Trust (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
