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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	SWN
Latest Price:	0.06 (0.00%)
52-week High:	0.21
52-week Low:	0.05
Market Cap:	8.03M

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Silver Swan Group Full Silver Swan Group profile here

Silver Swan Group (ASX: SWN) is a polymetallic explorer with tenements in the Murchison District of the Yilgarn Craton, Western Australia. The company's current focus is on lode-gold, syn-tectonic copper-gold and volcanogenic massive sulphide (Cu-Zn-Ag-Au) mineralisation in Archaean terranes. Exploration tenements held by Silver Swan in the Murchison District cover 680 square kilometres.

Silver Swan Group to release 2 million shares held in escrow by Mercator Gold Plc

Thursday, August 20, 2009

Silver Swan Group (ASX: SWN) has advised that it has agreed to release 2,000,000 shares held by Mercator Gold Plc from voluntary escrow. In accordance with Listing Rule 3.10A these shares will be released from escrow in 10 business days.

Mercator Gold Plc was issued 10,000,000 ordinary shares and 4,000,000 performance shares in April 2008 upon the acquisition of the Meekatharra tenements by Silver Swan Group Limited to be escrowed for 2 years.

The issue of the performance shares is subject to the identification of an independently calculated Indicated Mineral Resource of 350,000 ounces of gold or other metal equivalent by the company from the tenements acquired from Mercator Gold Plc.

The remaining 8,000,000 ordinary shares and 4,000,000 performance shares will remain in voluntary escrow.

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