By Devika Patel
Knoxville, Tenn., July 16 - Anglo Swiss Resources Inc. announced it has entered into an agreement to privately place C$1 million by issuing 7.5 million flow-through units and 2.5 million non flow-through units, both at C$0.10 per unit.
Each flow-through unit will consist of one share and a one half flow-through warrant; the warrants are exercisable at C$0.20 for one year.
Each non flow-through unit will consist of one share and a one half non flow-through warrant, each warrant is exercisable at C$0.15 for six months or at C$0.30 for 18 months.
The proceeds will be used for exploration and general working capital.
Based in Vancouver, B.C., Anglo Swiss is a diamond and gemstone exploration company.
| Issuer: | Anglo Swiss Resources Inc.
|
| Issue: | Flow-through units of one share and a one half flow-through warrant; non flow-through units of one share and a one half non flow-through warrant
|
| Amount: | C$1 million
|
| Units: | 7.5 million flow-through units; 2.5 million non flow-through units
|
| Price: | C$0.10
|
| Warrants: | One half flow-through warrant per flow-through unit; one half non flow-through warrant per non flow-through unit
|
| Warrant expiration: | One year (flow-through units); 18 months (non flow-through units)
|
| Warrant strike price: | C$0.20 (flow-through units); C$0.15 for first six months, then C$0.30 (non flow-through units)
|
| Announcement date: | July 13
|
| Stock symbol: | CDNX: ASW.V
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| Stock price: | C$0.09 at close July 13
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