Business
Anglo Swiss Receives $100,000 Deposit for the Kenville Property Sale
ASW: TSX.V VANCOUVER , March 11, 2014 /CNW/ - Anglo Swiss Resources Inc. (ASW: TSX...
About this update from Gungnir Resources Inc
[{"type":"text","content":"\n\n\nASW: TSX.V\n\n\nVANCOUVER, March 11, 2014 /CNW/ - Anglo Swiss Resources Inc. (ASW:\n TSX-V, ASWRF: PK) (\"Anglo Swiss\" or the \"Company\") is pleased to announce that it has received the $100,000\n non-refundable deposit from 0995237 B.C. Ltd. (\"0995237\") relating to\n the sale of the Company's Kenville Gold Property (the \"Property\"). In a\n news release dated March 3, 2014 the Company announced that it had\n entered into a binding letter agreement (the \"Letter Agreement\") to\n sell the Property to 0995237. Total consideration for the purchase of\n the Property is CDN$5,900,000 which shall be satisfied by the delivery\n to Anglo Swiss of a $100,000 (now received) and a payment of $800,000\n on or before 60 days following the execution of this Letter Agreement\n and five (5) payments totaling $5,000,000 with annual payments of\n $1,000,000 starting on or before the third anniversary following the\n closing date.\n\n\nAdditional information regarding this transaction will be provided in\n the management information circular that will be mailed to registered\n shareholders and filed on SEDAR at http://www.sedar.com.  Completion of the transaction is subject to a number of conditions,\n including, but not limited to, confirmatory due diligence, the receipt\n of all required regulatory approvals, including the approval of the TSX\n Venture Exchange, and approval of the shareholders of Anglo Swiss.\n\n\nON BEHALF OF THE BOARD OF DIRECTORS, \n\n\nJari Paakki, P.Geo.\nCEO\n\n\nAbout Anglo Swiss:\nAnglo Swiss Resources Inc. is a Canadian-based exploration company.\n Current assets include its Kenville Gold and Blu Starr Flake Graphite\n properties in southeastern BC.  The Company has recently entered into\n an agreement in principle to acquire gold exploration properties in\n Sweden (see news release dated February 12, 2014). Further information\n about the Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com. \n\n\nCautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements\n or information within the meaning of Canadian securities laws. Such\n forward-looking statements or information include, but are not limited\n to, statements or information with respect to Anglo Swiss Resources'\n plan for future exploration and deve...