VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 24, 2012) - The Board of Directors of Selwyn Resources Ltd. (TSX VENTURE:SWN) (the "Company") has authorized the issuance of stock options to new independent directors to purchase 2,800,000 common shares. The options are vested over two years: with one-third vested on issue and the remaining thirds on each of the first and second anniversaries of the date of grant. These options have a five year term expiring on October 4, 2017 and allow the holder to purchase common shares of the Company for $0.10 per share.
Neither the 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:
Dr. Harlan Meade
President and CEO
(604) 801-7240 or Toll-free: 1-888-989-9188
Selwyn Resources Ltd.
Eric Kim
Investor Communications
(604) 801-7240 or Toll-free: 1-888-989-9188
(604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com