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Saturday, 06/30/2012 6:37:34 PM

Saturday, June 30, 2012 6:37:34 PM

Post# of 71458
Scraped this off a Silvermere message board somewhere. Probably old news, but affirmations are all we got at the moment. Looks like a snippet from a PR. Point? Silvermere diluting, good for all of us, and the tone of this PR suggests Silvermere is still gung ho and rearing to go.

"Following the above share issues, the total number of ordinary shares in issue will be 29,179,310. Shareholders may use this number when calculating their percentage holding in the Company. Commenting on the Subscription, Chief Executive Andy Morrison said, "The Subscription represents an important declaration of intent by major shareholders and by the Board; an intent to see through the task of establishing production at Mustang Island and of using it as a spring-board for further development of the Company. It is a necessary and prudent action taken at this time to help ensure the future health and prosperity of the Company. I would like to express my thanks for the continuing support of the existing shareholders"

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