VANCOUVER, Sept. 23, 2011 /CNW/ - Anglo Swiss Resources Inc. (ASW:TSX-V, ASWRF:OTCQX) ("Anglo Swiss" or "the Company") is pleased to announce that it has
successfully renegotiated the terms of the Ron Gold Property Option
Agreement ( the "Agreement") entered into on September 24, 2009 with
Klondike Gold Corp. ("Klondike").
Klondike has agreed to accept the second year anniversary cash payment
of $50,000 due September 24, 2011 in the form of cash and common shares
of Anglo Swiss Resources Inc. The parties to the Agreement have,
subject to regulatory approval, agreed to a payment of $25,000 cash and
settling the balance of $25,000 through the issuance of 333,333 common
shares at $0.075 per share.
Furthermore due to permitting delays the second year's exploration
expenditures originally due by September 24, 2011 have been extended to
September 24, 2012.
The 1,492 hectare Ron property is part of the Company's Nelson Mining
Camp gold project in southeastern BC. The Ron property covers the
potential strike extension of high-grade gold veins south of the
Kenville Gold Mine property owned by Company.
About Anglo Swiss:
Anglo Swiss Resources Inc. controls a highly-prospective, Canadian,
precious and base metal exploration property portfolio which includes
its flagship 165 sq. km, Nelson Mining Camp Project, that hosts the
100%-owned Kenville Gold Mine, in southeastern BC; and its newly
acquired 100%-owned, Lansdowne House, Ring of Fire Ni-Cu-PGE project in
northwestern Ontario. Further information may be found at www.anglo-swiss.com or at www.sedar.com.
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.
Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve
risks and uncertainties, which may cause actual results to differ
materially from the statements made. When used in this document, the
words "may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions are intended to
identify forward-looking statements. Such statements reflect our
current views with respect to future events and are subject to such
risks and uncertainties. Many factors could cause our actual results to
differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties, such
actual results of current exploration programs, the general risks
associated with the mining industry, the price of gold and other
metals, currency and interest rate fluctuations, increased competition
and general economic and market factors, occur or should assumptions
underlying the forward looking statements prove incorrect, actual
results may vary materially from those described herein as intended,
planned, anticipated, or expected. We do not intend and do not assume
any obligation to update these forward-looking statements, except as
required by law. Shareholders are cautioned not to put undue reliance
on such forward-looking statements.
SOURCE Anglo Swiss Resources Inc.
For further information:
Jari Paakki, Chief Executive Officer
Tel: 1-705-507-4470 firstname.lastname@example.org
Natasha Blackburn, Vice President, Corporate Development
Tel: 1-855-683-0484 Natasha@anglo-swiss.com
Chris Robbins, Vice President
Tel: 604-683-0484 email@example.com