IMMEDIATE RELEASE Vancouver, British Columbia.
March 8, 2010
TSX Venture: ASW
OTCBB: ASWRF
Frankfurt: AMO
Anglo Swiss Resources Inc. (the “Company”) has completed the brokered private placement equity offering announced on February 26, 2010 issuing 4,285,715 units (”Units”) at a price of $0.35 per Unit for total gross proceeds of $1.5 million. Each Unit consists of one common share (a “Share”) and one-half of one common share purchase warrant (a “Warrant”) of the Company. Each full Warrant shall be exercisable for a period of one year from the closing date at an exercise price of $0.50 per Share.
Kingsdale Capital Markets Inc. of Toronto (“Kingsdale”) was the agent for the Company for this offering. The Company paid to Kingsdale a fee equal to 5% of the gross proceeds in cash and the Company granted to Kingsdale agent warrants (“Agent Warrants”) to acquire Units equal to 5% of the number of Units sold. The Agent Warrants will be exercisable for a period of one year, expiring on March 4, 2011 at $0.35 per Unit.
All of the securities issued by Anglo Swiss pursuant to the private placements are subject to a four-month hold period under Canadian securities laws and are subject to restrictions on resale prior to July 5, 2010.
Anglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its 15,000 hectare Nelson Mining Camp located to the south west of Nelson, British Columbia.
The funds raised from this offering will be used for further exploration on the Nelson Mining Camp and the Company’s 100% owned Kenville Gold Mine property where recent results have generated high grade gold assay results and for general corporate and working capital. Please visit the Company’s website at www.anglo-swiss.com for more information on the Company and its projects.
Company contacts:
Len Danard
President and Chief Executive Officer
Tel: (604) 683-0484
Fax: (604) 683-7497
Email: info@anglo-swiss.com
Investor Relations Contacts:
Jeff Walker or Grant Howard
The Howard Group Inc.
Toll Free: 1-888-221-0915
www.howardgroupinc.com
Reader Advisory
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.