Revett Minerals announced today that Silver Wheaton Corp. has subscribed for additional shares. This will help bring its shareholdings back to 16.6% of issued and outstanding shares of Revett.
John Shanahan, President and CEO, commented "We are pleased to complete the final conversion of Revett Silver Class B shares to Revett common shares and welcome Silver Wheaton's continuance as an important shareholder. We remain focused on further developing our operations at our Troy mine and moving forward with our world class silver/copper project at Rock Creek."
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About Revett
Revett Minerals, through its subsidiaries, owns and operates the currently producing Troy Mine and development-stage Rock Creek Project, both located in northwestern Montana, USA. The proven reserves at the Troy Mine and significant resources at the Rock Creek project will form the basis of the plan to become a solid mid-tier base and precious metals producer. Revett plans on expanding production through exploration in and around its current properties, as well as through targeted business combinations of advanced stage projects.
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