ASW: TSX.V
VANCOUVER, March 25, 2014 /CNW/ - Anglo Swiss Resources Inc. (ASW:
TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce that it signed the Definitive Agreement
relating to the sale of its Kenville Gold Property to 0995237 B.C.
Ltd., a private company, announced on March 3, 2014. Total
consideration for the purchase is CDN$5,900,000. The TSX Venture
Exchange has granted conditional approval subject to shareholder
approval. The closing date of the transaction shall not be later than
May 2, 2014.
The Annual and Special General Meeting (the "Meeting") of the Shareholders of Anglo Swiss will be held on Friday, April 11,
2014 for the following purposes:
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To approve, by special resolution, the sale of the Kenville Gold
Property to 0995237 B.C. Ltd.;
-
To approve the proposed acquisition of a private Ontario company,
Gungnir Resources Inc. ("Gungnir"), and 100% of its exploration properties in northern Sweden (see News
Release dated February 12, 2014);
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To approve, by special resolution, the change of name of the Company to
"Gungnir Resources Inc.", or any other name deemed appropriate by the
Board of Directors;
-
To appoint auditors for the ensuing year;
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To fix the number of directors at five (5) and to re-elect directors for
the ensuing year;
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To approve the adoption of the 2014 Stock Option Plan; and
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To approve, by special resolution, amendments to the Company's Articles
to include the Advance Notice Provisions.
Additional information regarding these items is provided in the
management information circular that was mailed to registered
shareholders and filed on SEDAR at http://www.sedar.com.
Shareholders are encouraged to vote with Anglo Swiss management IN FAVOUR of the Meeting items.
Shareholders of record at the close of business on February 21, 2014
will be entitled to notice of and to attend and vote at, the Meeting.
Shareholders who are unable to attend the Meeting in person are
requested to read the notes (the "Notes") accompanying the Instrument
of Proxy enclosed therewith and then complete, sign and return the
Instrument of Proxy within the time set out in the Notes. A proxy will
not be valid unless it is deposited at the office of Computershare
Trust Company of Canada, Proxy Dept. 100 University Avenue, 9th Floor,
Toronto, Ontario, M5J 2Y1 (facsimile in North America 1-866-249-7775;
outside North America 416-263-9524) before 10:00 am eastern time on
Wednesday, April 9, 2014. Shareholders of record may also vote by
telephone or vote online based on the instructions enclosed within the
proxy package.
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
CEO
About Anglo Swiss:
Anglo Swiss Resources Inc. is a Canadian-based exploration company.
Current assets include its Kenville Gold and Blu Starr Flake Graphite
properties in southeastern BC. The Company has recently entered into
an agreement in principle to acquire Gungnir Resources Inc. and its
gold exploration properties in Sweden. Further information about the
Company may be found at http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements
or information within the meaning of Canadian securities laws. Such
forward-looking statements or information include, but are not limited
to, statements or information with respect to Anglo Swiss Resources'
plan for future exploration and development of its properties.
Forward-looking statements or information are based on a number of
estimates and assumptions and are subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking statements or information.
Should one or more of these risks and uncertainties materialize, or
should underlying estimates and assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements or information. For example, there is no certainty, that
any economically viable mineral deposit will be located on the
Property, or that the Company will be able to raise sufficient capital
to complete all of its exploration and drill programs. Accordingly,
undue reliance should not be placed on forward-looking statements or
information. Anglo Swiss does not expect to update forward-looking
statements or information continually as conditions change, except as
may be required by securities law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release
SOURCE Anglo Swiss Resources Inc.