By Devika Patel
Knoxville, Tenn., Feb. 26 - Anglo Swiss Resources Inc. said it plans a C$1.5 million private placement of units.
The company will sell 4,285,715 units of one common share and one half-share warrant at C$0.35 apiece. Each whole warrant will be exercisable at C$0.50 for one year.
Kingsdale Capital Markets Inc. is the agent.
Proceeds will be used for exploration and general corporate and working capital purposes.
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$1.5 million
|
| Units: | 4,285,715
|
| Price: | C$0.35
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.50
|
| Agent: | Kingsdale Capital Markets Inc.
|
| Pricing date: | Feb. 26
|
| Stock symbol: | TSX Venture: ASW
|
| Stock price: | C$0.39 at close Feb. 26
|
| Market capitalization: | C$47.6 million
|
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