SST announces share buyback !
Silverstone Announces Normal Course Issuer Bid
VANCOUVER, BRITISH COLUMBIA, Aug 19, 2008 (MARKET WIRE via COMTEX News Network) --
Silverstone Resources Corp. ("Silverstone") (TSX VENTURE: SST) announces that it intends to make a normal course issuer bid (the "NCIB"), to purchase, through the facilities of the TSX Venture Exchange (the "Exchange"), certain of its outstanding common shares, subject to the acceptance of the Exchange.
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.
ON BEHALF OF THE BOARD
Darren M. Pylot, President & CEO
ABOUT SILVERSTONE
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.
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
SOURCE: Silverstone Resources Corp.
mailto:ctomanik@silverstonecorp.com mailto:mpatchett@silverstonecorp.com https://www.silverstonecorp.com
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