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