Selwyn Resources Announces Repayment of Waterton Loan Facility
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/12/13 -- Selwyn Resources Ltd. (TSX VENTURE: SWN) ("Selwyn" or the "Company") is pleased to announce that it has repaid all indebtedness under its loan facility with Waterton Global Value, L.P. (the "Waterton Facility"). The Waterton Facility has been extinguished and all security granted under the facility has been discharged.
In connection with the repayment of the Waterton Facility, warrants to purchase 4,500,000 shares of the Company that were previously held in escrow under the terms of the Waterton Facility were released to Waterton. Waterton now holds 20,500,000 warrants of the 25,000,000 warrants that were issued under the Waterton Facility, as 4,500,000 were cancelled in connection with earlier repayments made by the Company. The warrants expire on April 11, 2017 and have an exercise price of $0.17 per share.
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:
Selwyn Resources Ltd.
Dr. Harlan Meade
President and CEO
(604) 801-7240 or Toll-free: 1-888-989-9188
(604) 689-8355 (FAX)
info@selwynresources.com
Selwyn Resources Ltd.
Carlos Gonzalez
Manager of Investor Communications
(604) 801-7240 or Toll-free: 1-888-989-9188
(604) 689-8355 (FAX)
info@selwynresources.com
www.selwynresources.com