VANCOUVER, Sept. 29 /CNW/ - China Mining Resources Group Limited ("China
Mining") announced that on September 26, 2008, it has indirectly acquired
through its wholly-owned subsidiary, Best Tone Holdings Limited, 18,770,500
common shares (the "Shares") of Selwyn Resources Ltd. (TSX-V: SWN.V) (the
"Company"), constituting 9.32% of the issued and outstanding Shares of the
Company. China Mining now has beneficial ownership and control over 33,301,500
Shares of the Company, which represents approximately 16.53% of the issued and
outstanding shares of the Company. China Mining also indirectly through Best
Tone Holdings Limited holds warrants to purchase 5,000,000 Shares of the
Company (the "Warrants"). Assuming the exercise of the Warrants, China Mining
will control 18.56% of the partially diluted Shares of the Company.
The Shares were acquired on the TSX Venture Exchange. The Shares were
acquired for investment purposes only. China Mining may increase or decrease
its beneficial ownership of the Company's securities depending on future
economic or market conditions.
A copy of the Early Warning Report has been filed with applicable
securities commissions and can be found at www.sedar.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: China Mining Resources Group Limited, Rm 1306,
13/F, Bank of America Tower, 12 Harcourt Road, Admiralty, Hong Kong