Offering will be conducted through agent Kingsdale Capital Markets
By Devika Patel
Knoxville, Tenn., Dec. 29 - Anglo Swiss Resources Inc. said it has arranged a private placement of units. The deal will raise C$3.35 million.
The company will sell 7 million flow-through units of one flow-through common share and one half-share warrant at C$0.35 apiece. Each whole warrant will be exercisable at C$0.50 for two years.
The company also will sell 3 million units of one common share and one warrant at C$0.30 apiece. Each warrant will be exercisable at C$0.40 for two years.
The strike prices are 78.57% and 42.86% premiums to the Dec. 28 closing share price of C$0.28.
Kingsdale Capital Markets Inc. is the agent.
Proceeds will be used for exploration and production on the company's Kenville Gold Mine property and the Nelson Mining Camp, where recent results have generated high grade gold assay results, and for general corporate and 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 flow-through common share and one half-share warrant, units of one common share and one warrant
|
| Amount: | C$3.35 million
|
| Warrant expiration: | Two years
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Pricing date: | Dec. 29
|
| Stock symbol: | TSX Venture: ASW
|
| Stock price: | C$0.28 at close Dec. 28
|
| Market capitalization: | C$36.88 million
|
|
|
| Flow-through units
|
| Amount: | C$2.45 million
|
| Units: | 7 million
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant strike price: | C$0.50
|
|
|
| Units
|
| Amount: | C$900,000
|
| Units: | 3 million
|
| Price: | C$0.30
|
| Warrants: | One warrant per unit
|
| Warrant strike price: | C$0.40
|
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