Selwyn Resources Ltd.
TSX VENTURE : SWN

Selwyn Resources Ltd.

February 16, 2011 18:03 ET

Selwyn Exercises Savant Common Share Purchase Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 16, 2011) - Selwyn Resources Ltd. ("Selwyn") (TSX VENTURE:SWN) announces it acquired 1,166,667 common shares (the "Shares") of Savant Explorations Ltd. ("Savant") through the exercise of common share purchase warrants of Savant at a price of Cad$0.10 per Share on February 15, 2011. Immediately after the acquisition of Shares, Selwyn beneficially owns or controls 10,103,334 common shares of Savant, representing 14.85% of Savant's issued and outstanding common shares. Selwyn also holds warrants to acquire an additional 312,500 common shares of Savant which, if exercised, would increase the holdings of Selwyn to 10,415,834 common shares, representing approximately 15.28% of Savant's issued and outstanding common shares.

The common shares of Savant are listed on the TSX Venture Exchange and trades under the trading symbol "SVT". Selwyn acquired the securities for investment purposes. Depending on market conditions, Selwyn may in the future increase or decrease its investment in Savant.

An Early Warning Report respecting this acquisition has been filed on the System for Electronic Document Analysis and Review ("SEDAR") under Savant's profile and can be viewed at www.sedar.com.

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.

Contact Information

  • Selwyn Resources Ltd.
    Dr. Harlan Meade
    President and CEO
    +1 (604) 801-7240 or Toll-free: +1 (888) 989-9188
    or
    Selwyn Resources Ltd.
    Catalin Chiloflischi
    Manager of Investor Communications
    +1 (604) 801-7240 or Toll-free: +1 (888) 989-9188
    +1 (604) 689-8355 (FAX)
    info@selwynresources.com
    www.selwynresources.com