VANCOUVER, BRITISH COLUMBIA, Jul 13, 2007 -- Anglo Swiss Resources Inc. (TSX VENTURE: ASW)(OTCBB: ASWRF)(BERLIN: AMO) announces it has entered into financing agreements to complete a private placement for proceeds of $1,000,000 through the issuance of 7,500,000 flow through units and 2,500,000 non-flow through units, both at 10 cents per unit, subject to regulatory approval.
Each FT unit will consist of one common share (the "FT Shares") and a one-half flow through warrant; each whole warrant is exercisable to purchase an additional FT Share at a price of 20 cents for one year from the closing date.
Each NFT unit will consist of one common share (the "NFT Shares") and a one-half warrant, each whole warrant is exercisable to purchase an additional NFT share at a price of 15 cents for six months from closing or at a price of 30 cents for 18 months from the closing date.
The proceeds of the private placement will be used for continued exploration on the Company's Canadian exploration properties that qualify for Canadian Exploration Expenses ("CEE") and for general working capital.
For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to ASW@agoracom.com.
About Anglo Swiss Resources, Inc.
Anglo Swiss Resources is a Canadian mining company engaged in the acquisition and exploration of mineral properties. Its exploration properties include: four distinct claim groups located in the Lac de Gras region of the NWT (diamonds), and in south-eastern British Columbia the historic Kenville Gold Mine (copper, gold, silver and molybdenum), the Blu Starr Gemstone Property (sapphire, iolite, garnet and graphite) and the McAllister Pipe Property (lamproitic diatreme - diamonds).
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
Contacts:
Anglo Swiss Resources Inc.
Len Danard President & CEO
(604) 683-0484
(604) 683-7497 (FAX)
Email: info@anglo-swiss.com
Website: www.anglo-swiss.com
AGORACOM Investor Relations
Email: ASW@agoracom.com
Website: www.agoracom.com/IR/AngloSwiss
