Pinnacle Digest: Anglo Swiss' Financing Sparks Interest From Leading Research Site
1/14/2008
Jan 14, 2008 (M2 PRESSWIRE via COMTEX News Network) --
www.PinnacleDigest.com is a performance-driven online financial magazine with a consistent and disciplined approach to the market. With our growing network of experienced professionals we strive to bring investors the only multi-dimensional online investing magazine. Friday's completion of a financing deal regarding Anglo Swiss Resources Inc. (TSXV:ASW)(OTCBB:ASWRF)for gross proceeds of $4,300,000 has led to further research by our team in order to determine if we will select them as our next Featured Company. Only Pinnacle members will be notified if we select them as our next equity target.
Why is our Research team interested in Anglo Swiss Resources' Private Placement?
Because there aren't very many companies on junior exchanges completing financing deals at premiums to their current share value (4,210,522 flow-through units at a price of 47.5 cents). Our research team is always looking to get involved with companies achieving financing at premiums to their share value and we will continue our research with Anglo Swiss on our site as they continue to develop.
The second reason we are interested is due to Anglo Swiss' decline in share value over the past week. They could be a potential "bottom feeder" investment opportunity if they can continue to develop at these levels.
To recap, Anglo Swiss has completed the private placement of 4,210,522 flow-through units at a price of 47.5 cents per flow-through unit for gross proceeds of $2-million to the MineralFields Group. Each flow-through unit consisted of one flow-through common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss on or before Dec. 7, 2009, at a price of 80 cents per share during the first 12-month period and at a price of $1 per share during the second 12-month period. In addition, Anglo Swiss completed the private placement of 1.25 million units of Anglo Swiss at a price of 40 cents per unit for total proceeds of $500,000 to the MineralFields Group. Each unit consisted of one common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss at a price of 60 cents per share on or before Dec. 7, 2009. The shares and warrants will be restricted for trading until April 8, 2008.
We will be reviewing Anglo Swiss' development and its potential ramifications on their future; further information will be available on our site as well as an exclusive Chat Board dedicated to Anglo. To follow up with Anglo Swiss, join our informative and complimentary online financial magazine at www.pinnacledigest.com to read this article in its entirety.
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