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Anglo Swiss Completes Purchase of Lansdowne House
Jun. 30, 2011 (Canada NewsWire Group) -- Cu-Ni-Co-PGE Property VANCOUVER, June 30, 201...
About this update from Gungnir Resources Inc
[{"type":"text","content":"\n\n\n Jun. 30, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nCu-Ni-Co-PGE Property \n\n\nVANCOUVER, June 30, 2011 /CNW/ - Anglo Swiss Resources Inc. (TSXV: ASW) (OTCQX: ASWRF) ("Anglo Swiss" or "the Company") is pleased to announce that the\n purchase of the Lansdowne House Ring of Fire Property, located in\n northwestern Ontario, from INV Metals Inc. is now completed. See news\n release June 16, 2011. The Company issued 11,950,774 common shares\n equal to $1,466,360 to INV Metals Inc. as payment for a 100% interest\n in the project. INV Metals retained a 1% NSR (net smelter royalty) in\n the property with the exception of two claims both of which are subject\n to a 2.5% NSR payable to PGM Ventures (up to 1.5% of the 2.5% NSR may\n be purchased for $500,000 per 0.5% NSR). In addition, there is a 1.5%\n NSR on one of those two claims payable up to a maximum cap of $2.5\n million to INCO. The shares issued to INV Metals are subject to a\n resale restriction until November 1, 2011.\n\n\nThe Lansdowne House Property ("the Property") is located approximately\n 80 km southwest of Noront Resources Ltd.'s Eagle One Discovery in\n Northwestern Ontario. It hosts an Ultramafic Complex, which contains a\n historic resource of 14.6 million tons grading 0.58% copper, 0.37%\n nickel and 0.03% cobalt plus significant associated Platinum Group\n Element ("PGE") values. Although the resource is viewed as reliable and relevant based on the\n informa...