VANCOUVER, Nov. 29, 2013 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX-V,
ASWRF: PK) ("Anglo Swiss" or the "Company") wishes to announce it will make an application to the TSX Venture
Exchange to extend the term of its 2011 warrants for an additional
year. An aggregate of 15,425,000 warrants were originally issued on
December 16 and 29, 2011 and exercisable at 10 cents per share for a
period of two years. The exercise price for the warrants will remain
the same and the new expiry date for the 15,425,000 warrants will be
December 16, 2014.
The warrant amendments have been approved by the board of directors of
the Company. The warrant amendments remain subject to TSX-V approval.
The Company also reports that Eagle Creek Gold Corp. ("Eagle Creek") continues its efforts to close its financing to raise necessary funds
for the purchase of the Kenville Gold Property for $8-million (see News
Release dated July 4, 2013). In lieu of the further deposit of $100,000
announced in a News Release dated October 1, 2013, the Company has
agreed to accept an equivalent value in shares of Eagle Creek. The
final closing date of the transaction remains December 30th, 2013.
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
About Anglo Swiss:
Anglo Swiss Resources Inc. is a Canadian based exploration company with
current assets including its Kenville Gold Mine and Blu Starr Flake
Graphite properties in southeastern BC, and its Lansdowne House, Ring
of Fire Nickel-Copper-PGE property in northwestern Ontario. Further
information about the Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements
or information within the meaning of Canadian securities laws. Such
forward-looking statements or information include, but are not limited
to, statements or information with respect to Anglo Swiss Resources'
plan for future exploration and development of its properties.
Forward-looking statements or information are based on a number of
estimates and assumptions and are subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking statements or information.
Should one or more of these risks and uncertainties materialize, or
should underlying estimates and assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements or information. For example, there is no certainty, that
any economically viable mineral deposit will be located on the
Property, or that the Company will be able to raise sufficient capital
to complete all of its exploration and drill programs. Accordingly,
undue reliance should not be placed on forward-looking statements or
information. Anglo Swiss does not expect to update forward-looking
statements or information continually as conditions change, except as
may be required by securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release
SOURCE: Anglo Swiss Resources Inc.
For further information:
Jari Paakki, CEO
Chris Robbins, Vice President