COOKS BROOK, NOVA SCOTIA -- (Marketwired) -- 02/19/15 -- Selwyn Resources Ltd. (TSX VENTURE: SWN) ('Selwyn' or the 'Company') announces that it has granted incentive stock options ('Options') under its Stock Option Plan to its directors and officers to acquire up to an aggregate of 198,000 common shares ('Common Shares'). All Options are exercisable for a period of five years at a price of $2.01 per Common Share. 50% of the Options will vest immediately and 25% of the Options will vest every six months thereafter.
About Selwyn
Selwyn is an established Canadian-based zinc and lead exploration and development company that owns the ScoZinc Mine near Halifax, Nova Scotia, that has the necessary approvals to restart operations. Selwyn has a strong working capital position and no debt. Selwyn has 3,941,046 common shares outstanding, which are traded on the TSX Venture Exchange 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.
Contacts:
Mr. Joseph Ringwald - Interim President and CEO
+1 (604) 347-7661
info@selwynresources.com
www.selwynresources.com
