VANCOUVER,
Aug. 9, 2013 /PRNewswire/ - Anglo
Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is
pleased to announce that shareholders have overwhelmingly approved
the sale of the Kenville Gold Property to Eagle Creek Gold Corp.
("Eagle Creek"), a private Alberta-based company, at a Special Meeting
held on August 7, 2013. The total
purchase price is $8-million
($100,000 deposit received) which
shall be satisfied by the delivery to Anglo
Swiss of $1.9-million on
closing with the balance payable in stages to August 15, 2017 (see News Release dated
July 4, 2013). The Company also
wishes to announce that it has subsequently agreed to extend the
closing of the transaction to September 30,
2013 from August 15, 2013.
Jari Paakki,
Chief Executive Officer of Anglo
Swiss, commented: "With 99.1% of 42,652,758 shares voted in
favour of selling Kenville, shareholders clearly support
management's view that this transaction is an exceptional
opportunity that will greatly improve the Company's future ability
to grow and increase shareholder value. We are actively evaluating
new opportunities and working to advance the Company's Blu Starr flake graphite project in southeastern
BC. The property is strategically located adjacent to Eagle
Graphite Corporation's flake graphite mine, western North America's only operating flake graphite
mine. Blu Starr hosts numerous large
to jumbo flake graphite occurrences and is drill-ready with
government permits in place."
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
CEO
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.