News release date: March 11, 2014
News release date: March 03, 2014
Anglo Swiss Resources is very pleased to announce that it has entered into a binding letter agreement dated March 3, 2014 (the “Letter Agreement”) to sell its Kenville Gold Property (the “Property”), located in southeastern BC, to 0995237 B.C. Ltd., a private BC based company. The closing date of this arm’s length transaction shall not be later than 60 days following the date of the execution of the Letter Agreement.
Total consideration for the purchase of the Property is CDN$5,900,000 which shall be satisfied by the delivery to Anglo Swiss of a $100,000 non-refundable deposit within seven (7) days of execution of this Letter Agreement, a payment of $800,000 on or before 60 days following the execution of this Letter Agreement and five (5) payments totaling $5,000,000 with annual payments of $1,000,000 starting on or before the third anniversary following the closing date.
News release date: February 12, 2014
News release date: December 31, 2013
Anglo Swiss Resources Inc. announces that Eagle Creek Gold Corp. (“Eagle Creek”) has failed to raise necessary funds to complete the transaction to purchase the Kenville Gold Mine Property as at the Closing Date of December 30, 2013 and the Vending Agreement with Eagle Creek has been terminated. The Company retains 100% ownership in the property and will pursue a new buyer and also continue to assist Eagle Creek as they have expressed their continued interest in acquiring the property on terms to be negotiated.
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