Anglo Swiss Resources Inc. Arranges a $2,100,000 Private Placement
Vancouver, British Columbia Anglo Swiss Resources Inc. (the “Company”) Aug 27, 2009, 7:30 am PST (TSX Venture: ASW) (OTCBB: ASWRF) (Frankfurt: AMO.F), is pleased to announce that it has entered into an agreement with Kingsdale Capital Markets Inc. of Toronto (“Kingsdale”), whereby Kingsdale has been appointed as agent for the Company to sell by private placement, on a best efforts basis, 7,000,0000 units of the Company (the “Units”) at $0.30 per Unit, for gross proceeds of $2,100,000. Each Unit shall consist of one common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each full Warrant shall be exercisable for a period of two years at an exercise price of $0.60 per Share.
The Company shall pay to Kingsdale a fee equal to 7% of the gross proceeds payable either in cash or in common shares at Kingsdale’s option. As well, the Company will grant to Kingsdale warrants (the “Agent Warrants”) to acquire Units equal to 10% of the number of Units sold. The Agent Warrants will be exercisable for a period of 2 years from the date of issue at $0.30 per Unit.The completion of this offering is subject to the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.
Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its Kenville Gold Mine property in Nelson, British Columbia. The funds raised from this offering will be used for further exploration and production on the Company’s 100% owned Kenville Gold Mine property where recent results have generated high grade gold assay results and for general corporate and 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. Sign up for free SMS News Release service, simply text ASW2 in the body of the text message to 32075 or visit the Mobile FRC link at the Company’s website. Please visit the Company's website at www.anglo-swiss.com
Company contacts:
Len Danard
President and Chief Executive Officer
Tel:(604) 683-0484
Fax:(604) 683-7497
Email: info@anglo-swiss.com
Investor Relations Contacts:
Jeff Walker or Grant Howard
The Howard Group Inc.
Toll Free: 1-888-221-0915
www.howardgroupinc.com
Reader Advisory
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
Cautionary Statement on Forward-Looking Information:
This release contains certain "forward-looking statements" including, without limitation, expectations, beliefs, plans and objectives regarding the potential transactions and ventures discussed in this release.Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the risks inherent in mineral exploration, the need to obtain additional financing, the availability of needed personnel and equipment for exploration and development, fluctuations in the price of minerals, and general economic conditions.
