TORONTO, ONTARIO--(Marketwired - March 20, 2014) - Selwyn Resources Ltd. (TSX VENTURE:SWN) ("Selwyn" or the "Company") announces that Frank D. Wheatley, Chairman of the Company's Board of Directors, has resigned to devote more of his time to his other business commitments, effective immediately.
Selwyn thanks Mr. Wheatley for his tremendous guidance and contributions as a member of the Board of Directors. The Company is particularly grateful for Mr. Wheatley's dedication during the transitional period following the sale of the Company's remaining interest in the Selwyn joint venture to Chihong Canada Mining Ltd. Mr. Wheatley was elected to the Board of Directors at the Company's June 2013 Annual General and Special Meeting of Shareholders.
Selwyn and the Board of Directors wish Mr. Wheatley all the best in the future.
Selwyn is an established Canadian-based zinc and lead exploration and development company that owns the ScoZinc Mine near Halifax, Nova Scotia, that has all of the necessary permits to restart operations. Selwyn has a strong working capital position and no debt. Selwyn has 3,941,046 basic shares outstanding, which are traded on the TSX Venture 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.