here it is (nice):Silver Swan to place 3.3m shares at 45c20:25,...

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.