Selwyn Resources (CVE:SWN) reported Monday that five members have been appointed as directors of the company.
On May 11, the appointments were approved at Selwyn’s annual general
meeting. Robert Rusko, Wade Nesmith, Bradley Marchant, Harlan Meade and
Russell Cranswick were all appointed as directors.
Selwyn directors, however, Robert Yeoman, Patrick Mars and Yunn Birm
Choi informed the company of their wish to retire, prior to the annual
Earlier this month, Selwyn said it was granted
long-term tenure for a major portion of a key road that links its joint
venture Selwyn project in the Yukon to the public highway system.
was given a 30-year license of occupation for the majority portion of
the Howard's Pass Access Road that is under the jurisdiction of the
Aboriginal Affairs and Northern Development Canada.
Also last month, the lead and zinc explorer closed its previously announced $10 million secured debt facility.
proceeds will be used by both Selwyn and its unit ScoZinc for general
corporate purposes, including activities at its ScoZinc mine in Nova
The ScoZinc mine, a past producing zinc-lead mine in Nova
Scotia, which the company acquired for $10 million, has a measured and
indicated resource of 2.8 million tonnes grading 4.2 percent zinc and
1.9 percent lead.