Selkirk Metals Corp. Message Board

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Gold/Mining/Energy : Selkirk Metals Corp.

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From: hypeman01	7/23/2007 4:56:57 PM
	of 45

Selkirk Metals completes all-stock takeover of Doublestar Resources July 23, 2007 - 11:31 a.m. VANCOUVER (CP) - Selkirk Metals Corp. (TSXV:SLK) has completed its takeover of Doublestar Resources Ltd. (TSXV:DSR), giving it full ownership of the Ruddock Creek zinc-lead project in southeastern British Columbia. Each Doublestar share is being exchanged for half of a Selkirk share as Doublestar becomes a wholly owned subsidiary of Selkirk. Doublestar investors voted 99 per cent in favour of the arrangement on July 12. Surface diamond drilling program is underway at Ruddock Creek, where previous exploration has identified a dozen zones of zinc and lead mineralization in a sulphide system more than five kilometres wide. Ahead of the combination, Doublestar had a stock-market value of $22.4 million, while Selkirk's was $89.7 million. --- Canadian Business Online

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