Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
BURLINGTON, ONTARIO–(Marketwire – March 21, 2012) – Green Swan Capital Corp. (“Green Swan”) (TSX VENTURE:GSW) announced it has received regulatory approval for its previously announced acquisition of “AshleyGold”, and has closed on such acquisition today.
AshleyGold consists of seven mineral tenures in British Columbia’s Golden Triangle covering 1577 hectares, in a highly prospective mineralized belt near the following mining properties:
Please see each issuer’s filings at www.sedar.com for details and qualifications on each issuer’s own data.
Green Swan now owns 27 tenures in British Columbia aggregating 8,123 hectares, most of which are in the Golden Triangle. The 344 kilometre, 287 kilovolt “Northwest Transmission Line” is under construction to bring infrastructure into the heart of the Golden Triangle, at a cost of $404 million. According to information available at B.C. Hydro’s website, the Northwest Transmission Line will be in service by the spring of 2014.
About Green Swan Capital Corp.
Green Swan is engaged in the exploration and, if warranted, development and mining of its properties as well as the acquisition, exploration and potential development of other mineral resource properties. Green Swan communicates with its shareholders and the investing public directly and with the assistance of CHF Investor Relations. The common shares of Green Swan are listed on the TSX Venture Exchange under the trading symbol “GSW”. Pending closing of the transactions contemplated above, GSW has 17,370,417 shares outstanding.
To receive Green Swan news by email contact [email protected] with “Green Swan News” in the subject line.
Forward-Looking Statements
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Green Swan cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Green Swan currently foresees. Discussion of the various factors that may affect future results is contained in Green Swan’s recent filings, available on SEDAR. Green Swan assumes no liability for repeating or referring to any facts, statements, releases, data or reports disseminated by any other issuer. Any reference to any other issuer should be cross-checked for accuracy and context by the reader.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
