SWN 0.00% 4.2¢ silver swan group limited

continues substantial copper at austin, page-3

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    here it is (nice):

    Silver Swan to place 3.3m shares at 45c
    20:25, Wednesday, 15 October 2008

    Sydney - Wednesday - Oct 15: (RWE Australian Business News) -
    Silver Swan Group Ltd (ASX:SWN) has received firm commitments in
    relation to a placement of 3.33m shares at 45c each, raising $1.5m
    before costs. The placement to sophisticated investors has been made
    pursuant to the company's ASX Listing Rules 15pc placement capacity.
    A portion of the placement is to be taken by a director and a
    previous director of the company or their associated entities, subject
    to shareholder approval, which will be sought at the annual meeting to
    be held on November 27.
    Proceeds of the placement will be directed to ongoing
    exploration activities over several high-priority projects for Au, Au-Cu
    and Cu-Zn-Pb-Ag-Au mineralisation in the Meekatharra area, Western
    Australia, and working capital.

 
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Currently unlisted public company.

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