VANCOUVER, Dec. 5, 2012 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce the results of its recently held Annual General and Special Meeting of the Shareholders (the "Meeting") on November 30th, 2012.
At the Meeting, the shareholders re-elected to the Board of Directors, Jari Paakki, Tom Obradovich, Todd Keast, Blair Zaritsky and Chris Robbins, and also approved re-appointment of De Visser Gray, Chartered Accountants, as the Company's auditor.
In respect to Special Resolutions, shareholders voted strongly in favour to approve the proposed consolidation of the Company's issued and outstanding common shares at a ratio of up to five (5) to one (1), and accompanying Company name change to "Golden Libra Minerals Inc." or another name deemed appropriate by the board of directors.
Following the Meeting, the Board of Directors re-elected Jari Paakki to serve as Chief Executive Officer, and Chris Robbins as Chief Financial Officer and Vice President & Corporate Secretary until the next Annual General Meeting of the Company.
Jari Paakki, CEO commented, "The Company recorded its largest shareholder response in recent years, with 92.3% or better voting in favour on all resolutions. We are very pleased with this level of support as we move forward to improve the Company's ability to grow and raise capital. Our goal in 2013 is to focus on monetizing a current asset(s) and to identify, acquire and commence exploration on a new strategic acquisition. The target acquisition is a large, highly prospective gold exploration project area."
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 in the Company presentation 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.
SOURCE: Anglo Swiss Resources Inc.
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