Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (14102)	6/16/2010 11:40:24 AM
From: onepath	Read Replies (1) \| Respond to of 23086

It was Darren O'Brein i spoke with....the flow thru would be small but he hoped at about $1.40 per share and would be used separately for exploration. But i agree with you that this run indicates more of which Pease hinted at....project financing.

To: tyc:> who wrote (14102)	6/17/2010 1:17:12 AM
From: onepath	Respond to of 23086

Selwyn to raise $3-million 2010-06-16 18:15 ET - News Release Dr. Harlan Meade reports SELWYN ANNOUNCES UP TO $3 MILLION NON-BROKERED FLOW-THROUGH AND UNIT FINANCING Selwyn Resources Ltd. has arranged an offering of up to 12.5 million flow-through common shares at 20 cents per share, and up to 2.5 million units at 20 cents per unit, in a non-brokered private placement for gross proceeds of up to $3-million. The unit will consist of one common share and one-half common share purchase warrant. Each full warrant will entitle the holder to purchase one common share at a price of 30 cents per share for two years from closing of the transaction. The securities will be sold pursuant to the applicable securities law exemptions in the provinces of British Columbia, Ontario and such other provinces as the company may determine. The offering is subject to regulatory acceptance and final documentation, and is scheduled to close on or before June 30, 2010. The securities sold will be subject to a four-month-plus-one-day hold period from the date of closing. The funds will be used for qualifying Canadian exploration expenses on the Selwyn project and for general corporate purposes. These expenditures are being incurred in advance of the receipt of funds from the expected closing of the $100-million joint venture investment by Yunnan Chihong Zinc and Germanium Co. Ltd. (see Stockwatch news dated June 2, 2010). The Selwyn project represents one of the largest undeveloped resources of zinc and lead in the world and is located in the politically attractive jurisdiction of the Yukon. It is therefore both a unique opportunity and a strategic asset with the potential to provide a long-term, secure supply of zinc and lead to the Pacific margin markets. We seek Safe Harbor. stockwatch.com