| Selwyn Announces Grant of Incentive Stock Options | |
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COOKS BROOK, NOVA SCOTIA--(Marketwired - Feb 19, 2015) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ('Selwyn' or the 'Company') announces that it has granted incentive stock options ('Options') under its Stock Option Plan to its directors and officers to acquire up to an aggregate of 198,000 common shares ('Common Shares'). All Options are exercisable for a period of five years at a price of $2.01 per Common Share. 50% of the Options will vest immediately and 25% of the Options will vest every six months thereafter. About Selwyn Selwyn is an established Canadian-based zinc and lead exploration and development company that owns the ScoZinc Mine near Halifax, Nova Scotia, that has the necessary approvals to restart operations. Selwyn has a strong working capital position and no debt. Selwyn has 3,941,046 common shares outstanding, which are traded on the TSX Venture Exchange under the symbol 'SWN'. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Selwyn Resources Ltd.
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PRODUCER |
CODE : SWN.V |
ISIN : CA81662B1040 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Selwyn Res. is a zinc and lead development stage company based in Canada. Selwyn Res. holds various exploration projects in Canada and in Mexico. Its main asset in production is SCOTIA MINE - in Canada, its main assets in development are SELWYN / HOWARD PASS and HOWARD'S PASS in Canada and its main exploration properties are GETTY DEPOSIT in Canada and VINATA in Mexico. Selwyn Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 4.7 millions as of today (US$ 3.5 millions, € 3.2 millions). Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.04, and its highest recent level on March 11, 2011 at CA$ 4.88. Selwyn Res. has 3 940 000 shares outstanding. |