Anglo Swiss Resources Inc., further to its news release on April 16, 2007, has closed a non-brokered private placement. The company has raised $500,000 by the issuance of 5.0 million units at a price of 10 cents per unit. Each unit consists of one common share and one-half warrant, with each whole warrant entitling the holder to purchase an additional common share at a price of 20 cents for a period of one year from the closing date, subject to regulatory approvals.
All of the securities issued pursuant to the private placement are subject to a hold period expiring on Aug. 24, 2007. The proceeds from this private placement will be used for exploration of the Company’s NWT diamond properties and general working capital purposes.
On behalf of the Board,
“Len Danard”
