03:53 PM EST - Revett Minerals Inc. : announced that Silver Wheaton Corp. has subscribed for additional shares in Revett Minerals to bring its shareholdings back to 16.6% of issued and outstanding shares of Revett. This transaction is in connection with the final exchange of 2.96 million Revett Silver Class B common shares for Revett common shares on December 31, 2009. The Silver Wheaton subscription is for 3.6 million common shares, and has been priced at the Volume Weighted Average Trading Price on the TSX for the five days ending December 30, 2009 of $0.325 per share for a total subscription price of $1.2 million. This pricing is in accordance with the participation rights agreement between Revett and Silver Wheaton, the company said.Closing is subject to TSX approval. Revett Minerals Inc.
shares T.RVM are trading down $0.005 at $0.35.
