The Vancouver Sun reports in its Tuesday edition Selwyn Resources Ltd. says shareholders have approved the sale of its 50-per-cent interest in the Selwyn project in the Yukon to the company's joint venture partner. The unbylined item says, however, the disposition of the $50-million from the sale to Chihong Canada Mining Ltd. remains undecided. Vancouver-based Selwyn admits that a number of shareholders at the special meeting supported a proposal by dissident shareholder Samara Capital Inc. that the money be paid out in a special dividend. Selywn chief executive officer Harlan Meade said in a news release the company would be "updating the market on its views of the dividend" later. Samara said it did not agree with plans by Selwyn to restart the ScoZinc mine in Nova Scotia.
Selwyn shares closed Monday at 7.5 cents, up half a cent on the TSX Venture Exchange.
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