THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY
OR ACCURACY OF CONTENT OF THIS PRESS RELEASE
NEWS RELEASE
SELKIRK METALS CORP.
Suite 800 -1199 West Hastings Street, Vancouver, B.C. V6E 3T5
Tel: (604) 687-2038 / Fax: (604) 687-3141
TSX Venture Exchange: SLK
SELKIRK CLOSES FINANCING
November 12, 2008
- Selkirk Metals Corp. (�Selkirk� or the �Company�) is pleased to announce that it has closed
its previously announced non-brokered private placement. Further to the Company�s news releases of October 8 and
October 22, 2008, a total of 8,392,498 Flow-Through Shares (�
FT Shares�) were placed at a price of $0.12 per FT
Share, for aggregate gross proceeds to the Company of $1,007,100.
Selkirk paid Finders' Fees in the aggregate amount of $19,280, being 5% of the gross proceeds raised by the Finders.
As subscribers to the private placement, Gordon Keevil, Jim Miller-Tait, Ted Muraro and Brian Kynoch, directors
of Selkirk, acquired directly an aggregate of 516,666 FT Shares. No Finders' Fees were paid for their participation.
The participation by insiders in the private placement is considered to be a �related party transaction� as defined
under Multilateral Instrument 61-101 (the �
Rule�). The transaction is exempt from the formal valuation and
minority shareholder approval requirements of the Rule as neither the fair market value of the securities being issued
nor the consideration being paid exceeds 25% of Selkirk�s market capitalization.
The FT Shares are subject to a hold period that expires on March 8, 2009.
On Behalf of the Board of Directors:
(signed) �Gordon Keevil�
Gordon Keevil, President
For further information on Selkirk Metals Corp. please visit our website at
www.selkirkmetals.com or call 1-
888-807-4526.
This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that
address future production, reserve potential, exploration and development activities and events or developments that the
Company expects, are forward-looking statements. Although management believes the expectations expressed in such forwardlooking
statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual
results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual
results to differ materially from those in forward-looking statements include market prices, exploration and development
successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our
public filings at
www.sedar.com for further information.
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Selkirk Metals Corp.
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CODE : SLK.V |
ISIN : CA8164091065 |
CUSIP : 816409 10 6 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Selkirk Metals is a exploration company based in Canada. Selkirk Metals is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.0 millions as of today (US$ 2.0 millions, € 1.3 millions). Its stock quote reached its highest recent level on December 31, 2007 at CA$ 1.62, and its lowest recent point on December 05, 2014 at CA$ 0.01. Selkirk Metals has 12 010 000 shares outstanding. |