Anglo Swiss Resources Inc. announced today that it has arranged the following non-brokered private placement, subject to receipt of all applicable regulatory approvals:
(i) Up to 1,000,000 flow-through units of Anglo Swiss ("Flow-Through Units") at a price of $0.40 per Flow-Through Unit for total gross proceeds of $400,000, each Flow-Through Unit consisting of one flow-through common share and one non-flow-through common share purchase warrant of Anglo Swiss (“Warrant”), each Warrant entitling the holder thereof to acquire one non-flow-through common share of Anglo Swiss (“Share”) for a period of 24 months from the closing of the Private Placement at a price of $0.60 per Share.
All securities issuable under this Private Placement will be subject to a hold period under Canadian securities laws of four months and one day from the closing date.
Anglo Swiss intends to use the proceeds from the Private Placement to fund further exploration on the Nelson Mining Camp or other properties in Canada that qualify for flow through expenditures.
About Anglo Swiss
Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its Nelson Mining Camp located to the south west of Nelson, British Columbia. The Nelson Mining Camp consists of 3,411 hectares of contiguous claims striking over 8 kilometres situated along the Silver King Regional Shear Zone. The Silver King Shear is the host to numerous, historical gold, copper and silver mines in south-eastern British Columbia including Anglo Swiss’ 100% owned Kenville Gold Mine.
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.
Len Danard
President and Chief Executive Officer
Tel: (604) 683-0484
Fax: (604) 683-7497
Email: info@anglo-swiss.com
Investor Relations Contacts:
Canada
Jeff Walker or Grant Howard
The Howard Group Inc.
Toll Free: 1-888-221-0915
www.howardgroupinc.com
Reader Advisory
This press release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered will not be and have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws.
This press release contains forward-looking statements which are based on Anglo Swiss' current internal expectations, which may prove to be incorrect. These statements are not a guarantee of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties that are common to junior mineral exploration companies. These risks and uncertainties include, among other things, Anglo Swiss' need for additional funding to continue its exploration efforts, changes in general economic, market and business conditions; and competition for, among other things, capital and skilled personnel. Anglo Swiss undertakes no obligation to update or revise any forward-looking statements except as required by applicable securities laws.
