By Devika Patel
Knoxville, Tenn., Aug. 27 - Anglo Swiss Resources Inc. said it plans a C$2.1 million private placement of units.
The company will sell 7 million units at C$0.30 apiece. Each unit will consist of one common share and one half-share warrant, with each whole two-year warrant exercisable at C$0.60.
Kingsdale Capital Markets Inc. is the agent.
Proceeds will be used for further exploration and production on the company's Kenville Gold Mine property, for general corporate purposes and for working capital.
Based in Vancouver, B.C., Anglo Swiss is a diamond and gemstone exploration company.
| Issuer: | Anglo Swiss Resources Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$2.1 million
|
| Units: | 7 million
|
| Price: | C$0.30
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.60
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Pricing date: | Aug. 27
|
| Stock symbol: | TSX Venture: ASW
|
| Stock price: | C$0.34 at close Aug. 26
|
| Market capitalization: | C$38.7 million
|
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