Selwyn Resources Grants Stock Options
#700 – 509 Richards Street Vancouver, British Columbia Canada V6B 2Z6 Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Fax: (604) 689-8355 Trading Symbol: SWN.TSX-V [email protected] News Release – 2010-24 www.selwynresources.com
News Release
Selwyn Resources Grants Stock Options
Vancouver, November 15, 2010 – The Board of Directors of Selwyn Resources Ltd. (SWN.TSX-V) (“Company”) has authorized the issuance of stock options to officers and employees to purchase 4,000,000 common shares. The options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. These options have a five year term and allow the holder to purchase one common share of the Company for CAD$0.20 per share until October 25, 2015.
Selwyn’s focus is the exploration and development of the Selwyn Project in eastern Yukon and Northwest Territories with its joint venture partner Yunnan Chihong Zinc and Germanium Co., Ltd. The Selwyn Project represents one of the largest undeveloped resources of zinc and lead in the world and is unique in its location in the politically-attractive and stable jurisdiction of the Yukon. It is therefore both a unique opportunity and a strategic asset providing a long term secure supply of zinc and lead to the Pacific Margin.
This news release contains forward-looking statements concerning the development of the Selwyn Project. These statements are based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of failure to obtain necessary regulatory or shareholder approvals, exploration and other risk factors beyond Selwyn’s control. There can be no assurance that such forward-looking statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.
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For more information contact:
Dr. Harlan Meade, President and CEO Catalin Chiloflischi, Manager of Investor Communications Telephone: (604) 801-7240 Toll-free: 1-888-989-9188 Facsimile: (604) 689-8355 [email protected] www.selwynresources.com
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.