MONTRÉAL, Sept. 23, 2015 /CNW Telbec/ - Lloyd I. Miller, III, the managing member of Milfam II L.P. ("M2"), acquired on September 22, 2015, ownership of 20,500 common shares (the "Common Shares") of Selwyn Resources Ltd. ("Selwyn") (TSV-SWN) through M2. The Common Shares were acquired through the facilities of the TSX Venture Exchange at a price of USD$1.02 per common share or CDN$1.35 per common share (based on the Noon Bank of Canada exchange rate), such acquisition representing approximately 0.52% of the currently issued and outstanding common shares of Selwyn.
As a result of the acquisition of the Common Shares, Mr. Miller, through M2 and a number of trusts, partnerships and other entities, owns or has control or direction over an aggregate of 523,100 common shares of Selwyn, representing approximately 13.27% of the issued and outstanding common shares.
The Common Shares were acquired for investment purposes. Depending on the evolution of Selwyn's business, financial condition, the market for Selwyn's securities, general economic conditions and other factors, Mr. Miller and his joint actors may acquire additional securities of Selwyn, or sell some or all of the securities they hold, in the open market, by private agreement or otherwise, subject to their availability at attractive prices, market conditions and other relevant factors.
For inquiries or a copy of the related early warning report required under Canadian provincial securities legislation, a copy of which has also been filed on www.sedar.com, please contact:
SOURCE LLOYD I. MILLER, III
For further information: Lloyd I. Miller, III, 3300 South Dixie Highway, Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399; Eric Fangmann, 3300 South Dixie Highway Suite 1-365, West Palm Beach, Florida, USA 33405, Telephone: (561) 287-5399