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Mineweb reports that Selwyn Resources Inc. announces it has signed a Letter of Intent with Acadian Mining Corporation (OTC:ADAIF) whereby Selwyn would acquire all of the issued and outstanding shares of ScoZinc Limited.
Mineweb reports that Selwyn Resources Inc. announces it has signed a Letter of Intent with Acadian Mining Corporation (OTC:ADAIF) whereby Selwyn would acquire all of the issued and outstanding shares of ScoZinc Limited.
The article states:
Selwyn will acquire all interest in the Scotia zinc-lead mine in central Nova Scotia for a purchase price of CAD$10 million, less certain deductions. Selwyn plans to commence refurbishment of the mill and other activities towards resumption of production in Q1 2012.