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Anglo Swiss Completes $2.1 Million Equity Offering Private Placement
Anglo Swiss Completes $2.1 Million Equity Offering Private Placement
About this update from Gungnir Resources Inc
[{"type":"text","content":"\nAnglo Swiss Completes $2.1 Million Equity Offering Private Placement\n\n\n Sep. 1, 2009 (Filing Services Canada) -- Anglo Swiss Resources Inc. (ASW - TSX Venture, ASWRF - OTCBB, AMO - FWB), announced today that it has completed the brokered private placement equity offering announced on August 27, 2009, issuing 7,000,003 units (\"Units\") at a price of $0.30 per Unit for total gross proceeds of $2.1 million. Each Unit consists of one common share (a \"Share\") and one-half of one common share purchase warrant (a \"Warrant\") of the Company. Each full Warrant shall be exercisable for a period of two years from the closing date at an exercise price of $0.60 per Share. Kingsdale Capital Markets Inc. of Toronto (\"Kingsdale\") was the agent for the Company for this offering. The Company paid to Kingsdale a fee equal to 7% of the gross proceeds in cash and the Company granted to Kingsdale agent warrants (\"Agent Warrants\") to acquire Units equal to 10% of the number of Units sold. The Agent Warrants will be exercisable for a period of two years, expiring on August 28, 2011 at $0.30 per Unit.The funds raised from this offering will be used for further exploration and the pilot production program on the Company's 100% owned Kenville Gold Mine property located near Nelson, British Columbia and for working capital and general corporate purposes.All of the securities issued by Anglo Swiss pursuant to the private placements are subject to a four-month hold period under Canadian securities laws and are subject to restrictions on resale prior to December 29, 2009.About Anglo SwissAnglo Swiss Resources Inc. is a mineral exploration company with its current focus on gold, silver and base metals at its Kenville Gold Mine property in Nelson, British Columbia where recent results have generated high grade gold assay results.For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to [email protected]. Sign up for free SMS News Release service, simply text ASW2 in the body of the text message to 32075 or visit the Mobile FRC link at the Company's website. Please visit the Company's website at www.anglo-swiss.com.Company contacts: Len Danard President and Chief Executive OfficerTel: (604) 683-0484 Fax: (604) 683-7497Email: [email protected] Investor Relat...