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Caravel Minerals www.caravelminerals.com.au/

Caravel Minerals (ASX:CVV), formerly Silver Swan Group, is an Australian listed gold and base metals explorer with projects throughout Western Australia and Queensland.

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Silver Swan Group managing director boosts stake in company

The managing director of Silver Swan Group (ASX: SWN), Susan Vearncombe, has boosted her stake in the company through an on market purchase.

Vearncombe purchased 50,232 shares at an average price of $0.205, for a total consideration of $10,336.

Vearncombe now holds 155,787 shares through a super fund, plus a portfolio of options.

These options include:

- 1,000,000 $0.20 unlisted incentive options, exercisable by 31 March 2013;
- 1,000,000 $0.30 unlisted incentive options, exercisable by 31 March 2013;
- 1,000,000 $0.50 unlisted incentive options, exercisable by 31 March 2013;
- 250,000 $0.60 options, exercisable by 15 December 2012;
- 250,000 $0.75 options, exercisable by 15 December 2012; and
- 500,000 $0.42 options, exercisable by 15 December 2013.

Silver Swan shares last traded at $0.185.

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