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2010 News
December 24, 2010
Selwyn Grants Stock Options to a New Director
Selwyn Resources Ltd. has authorized the issuance of stock options to Mr. Robert Rusko, who became a member of the Board of Directors of the Company on November 5, 2010, to purchase 270,000 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. The options have a five year term and allow the holder to purchase one common share of the Company for $0.24 per share until December 23, 2015. (read more...)
December 23, 2010
Selwyn Announces Change of Auditors
Selwyn announces a change of auditors to KPMG LLP from De Visser Gray LLP effective December 15, 2010. The decision to change auditors arose from a recent strategic initiative whereby Selwyn entered into a joint venture with a wholly owned subsidiary of Chihong Zinc and Germanium Co. Ltd., a Chinese company (see news release dated August 18, 2010). As a result of this transaction, Selwyn's Board of Directors considered it desirable to engage an international firm of auditors. (read more...)
December 22, 2010
Drilling Continues to Confirm High-Grade Mineralization at XY Central Deposit
Selwyn Resources Ltd. (“Selwyn”) is pleased to update investors with the first release of assay results from the drilling of the 98/99-lenses of the XY Central deposit at Selwyn Project, Yukon Territory that is being done by Selwyn Chihong Mining Ltd., the joint venture company equally owned by Selwyn and Chihong Canada Ltd. These new results continue to confirm the continuity of high-grade zinc-lead mineralization of the XY Central deposit. (read more...)
December 17, 2010
Definition Drilling Confirms High-Grade Mineralization at XY Central Deposit
Selwyn announces that XYC-210 intersected 21.01 metres true thickness grading 9.60% zinc and 2.91% lead, including 7.83 metres grading 17.82% zinc and 6.05% lead; and XYC-222 intersected 10.16 metres true thickness grading 16.05% zinc and 4.71% lead, including 5.91 metres grading 19.22% zinc and 5.94% lead, confirm widespread high grade mineralization in the 93 lens. (read more...)
November 30, 2010
Selwyn Announces the Resumption of Fieldwork on Vinata Property
Selwyn announces that it has mobilized field crews to the Vinata Property located in North Central Mexico. Selwyn is acquiring an initial 50% interest in the Vinata Property from its Joint Venture partner, Savant Explorations Ltd. (“Savant”) that can be increased to 55% by making additional expenditures (see July 22, 2009 news release). (read more...)
November 25, 2010
Selwyn Provides Update on Liard First Nation’s Legal Action
Selwyn Resources Ltd. informs investors that Selwyn Chihong is named as a respondent in the court petition along with the Minister of Energy Mines and Resources, Yukon Government and Robert Holmes the Director of Mineral Resources. Selwyn Chihong has no reason to believe that any of the respondents have failed to follow due process in this matter and Selwyn Chihong plans to file its response to the action in a timely matter. (read more...)
November 15, 2010
Selwyn Resources Grants Stock Options
The Board of Directors of Selwyn Resources Ltd, 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. (read more...)
November 12, 2010
Selwyn Announces Reimbursement of CAD$7.44M from Selwyn Chihong
Selwyn is pleased to announce that Selwyn Chihong Mining Ltd. (“SCML”) has reimbursed Selwyn CAD$7.44 million for the second tranche of Selwyn Project pre-development program expenditures incurred between May 1 and August 18, 2010.Selwyn has received an aggregate CAD$12.52 million for its project expenditures after July 1, 2009. With receipt of these funds, Selwyn has CAD$9.8 million in working capital to fund its ongoing corporate and administrative expenses and no debt. (read more...)
November 10, 2010
Selwyn Resources Announces Changes to Its Board
Selwyn is pleased to announce that Robert Rusko has been appointed to the Board of Directors of Selwyn. Wade Nesmith, Selwyn’s Chairman, said, “I am pleased to welcome Bob to the Selwyn Board and look forward to working with him. I have had the pleasure of working with Bob in the past and am confident that his more than 25 years of advisory and accounting experience at KPMG will be a valuable addition to an already strong Board.” (read more...)
October 25, 2010
Update on Drilling Activities at Selwyn Project
Selwyn is pleased to update investors on the status of the exploration program at Selwyn Project being undertaken in support of the bankable feasibility study set for completion in mid-2011. To date, 48 drill holes have been completed with 5 in progress for a total of 13,685.54 metres. The majority of the drilling is designed to upgrade the confidence of the NI 43-101 compliant, Inferred mineral resources in the XY Central, XY West and Don deposits into the Indicated category for use in the ongoing bankable feasibility study. (read more...)
October 6, 2010
Selwyn Resources Announces Appointment of New Manager of Investor Communications
Selwyn is pleased to announce the appointment of Mr. Catalin Chiloflischi as Manager of Investor Communications. Mr. Catalin Chiloflischi is an economist with over 12 years experience in public companies, investor relations, communications, corporate governance, sustainability and business development both in Canada and Europe. (read more...)
August 23, 2010
Selwyn Project Receives Amended Mining Land Use Permit
Selwyn announces that its 50% owned joint venture, the Selwyn Project, has received an amended Mining Land Use Permit. This permit provides authorization for much of the work required for new project infrastructure for the planned advanced exploration underground program at Selwyn. This permit does not include authorization for use or discharge of water related to the planned underground program — these will be covered under a “Type B” Water Licence to be obtained from the Yukon Water Board. (read more...)
August 18, 2010
Selwyn Resources Announces Teleconference on CDN$100 Million Yunnan Chihong Investment
Selwyn will host a teleconference tomorrow, August 19, to make a brief presentation and for discussion on the recently-closed CDN$100 million joint venture investment by Yunnan Chihong Zinc & Germanium Co. Ltd. The Selwyn Project programs for the balance of 2010 and 2011 will also be discussed. There will be a question and answer period following the presentation. (read more...)
August 18, 2010
Selwyn Closes CDN$100 Million Joint Venture Transaction with Chihong Zinc & Germanium
Selwyn announces that it has closed the CDN$100 million joint venture transaction (“the Transaction”) with Chihong Canada Mining Ltd. (”Chihong”), an indirect wholly owned subsidiary of Chihong Zinc & Germanium Co. Ltd., a Chinese company. The details of this Transaction were previously announced on December 14, 2009 and March 2, 2010. (read more...)
August 12, 2010
Selwyn Closes US$5 Million Credit Facility
Selwyn announces that it has closed and made a draw of US$2 million, under a US$5 million revolving credit facility (“the Facility”) with Resource Capital Fund IV LP (“RCF”). The terms of this facility, and TSX-V approval, were announced on July 2, 2010. RCF is a major shareholder of the Company holding 20.6% equity position prior to completion of this transaction. (read more...)
July 28, 2010
Selwyn Resources Announces $650,000 Closing of Second Tranche of Financing
Selwyn announces that it has closed on a second tranche of the previously-announced non-brokered offering of Flow-through shares and Units... (read more...)
July 8, 2010
Selwyn Resources Announces Chihong Approvals for Selwyn Project
Selwyn is pleased to provide a further update on the progress of its CDN$100,000,000 50:50 joint venture transaction with Yunnan Chihong Zinc and Germanium Ltd... (read more...)
July 5, 2010
Selwyn Resources Announces $1.0 Million Closing of First Tranche of Financing
Selwyn announces that it has closed on an initial $1 million tranche of the previously-announced non-brokered offering of Flow-through shares and Units (the “Offering”)... (read more...)
July 2, 2010
Selwyn Resources Announces TSX-V Acceptance of US$5 Million Credit Facility
Selwyn announces that the TSX Venture Exchange has conditionally approved the terms of a US$5,000,000 revolving credit facility with Resource Capital Fund... (read more...)
June 16, 2010
Selwyn Announces up to $3 Million Non-brokered Flow-through and Unit Financing
Selwyn announces an offering of up to 12,500,000 Flow-through common shares at $0.20 per share, and up to 2,500,000 Units at $0.20 per Unit... (read more...)
June 16, 2010
Selwyn Resources Closes $562,500 Unit Financing
Selwyn has closed the previously-announced (June 4, 2010) non-brokered $562,500 Unit Offering (the “Offering”)... (read more...)
June 14, 2010
Selwyn Resources Announces Improved Metallurgy for XY Central High-Grade Mineralization
Selwyn is pleased to provide an update to investors on the projected zinc-lead metallurgical performance at the Selwyn Project... (read more...)
June 4, 2010
Selwyn Resources Announces Non-Brokered Financing
Selwyn is pleased to announce a non-brokered financing with Resource Capital Fund IV LP (“RCF”). RCF currently holds 60,320,110 shares of the Company... (read more...)
June 2, 2010
Selwyn Resources Commences Work and Advances Joint Venture Transaction With Chihong
Selwyn is pleased to inform investors that it has commenced the 2010 exploration, permitting, engineering and development program at Selwyn Project. The Company also notes that it has reached agreement on and signed the key contracts with Yunnan Chihong... (read more...)
May 6, 2010
Selwyn Resources Ltd. Enters into Cooperation Agreement with Tulita District Land Corporations
Selwyn is pleased to announce that it has reached an agreement with Tulita Land Corporation, Fort Norman Metis Land Corporation and the Norman Wells Land Corporation... (read more...)
March 2, 2010
Selwyn Updates Progress on Joint Venture Transaction With Yunnan Chihong Zinc & Germanium Co. Ltd.
Selwyn is pleased to update investors with respect to its progress towards completion of the agreement whereby Yunnan Chihong Zinc & Germanium Co. Ltd. will acquire a 50% interest in a joint venture... (read more...)
January 12, 2010
Selwyn Closes $246,482 Non-brokered Financing
Selwyn announces that it has closed the previously-announced non-brokered offering of securities... (read more...)
January 8, 2010
Selwyn Announces Non-brokered Financing
Selwyn announces a non-brokered placement of 896,300 common shares (the “Offering”) at a price of $0.275 per common share for gross proceeds of $246,482... (read more...)
January 6, 2010
XY West High-Grade Mineral Potential Continues to Expand
Selwyn is pleased to provide the remaining drill results from the 2009 drilling activities from Selwyn Project. Drilling in the vicinity of the XY West deposit has expanded the known mineral potential first discovered during the 2008 field season... (read more...)
January 5, 2010
Selwyn Resources Announces Engagement of Wardrop Engineering
Selwyn announces that it has engaged Wardrop Engineering Inc., a TetraTech company (“Wardrop”), to start a Phase 1 work program leading to completion of a NI 43-101 compliant feasibility study... (read more...)
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