VANCOUVER, Oct. 1, 2013 /CNW/ - Anglo Swiss Resources Inc.
(ASW: TSX-V, ASWRF: PK) ("Anglo
Swiss" or the "Company") wishes to advise that
the expected closing date for the sale of its Kenville Gold Project
to Eagle Creek Gold Corp. ("Eagle Creek") has been extended
to on or before December
30th, 2013. Eagle Creek requested a further
extension to provide it with more time to close its financing to
raise necessary funds for the Kenville transaction. Eagle Creek
shall pay Anglo Swiss a further
non-refundable $100,000 deposit on or
before October 30, 2013 for the
extension.
Shareholders of Anglo
Swiss overwhelmingly approved the sale of the Kenville Gold
Project to Eagle Creek at the Special Meeting held on August 7, 2013. The total purchase price is
$8-million ($100,000 deposit received) which shall be
satisfied by the delivery to Anglo
Swiss of $1.8-million on
closing (after credit for the further $100,000 deposit) with the balance payable in
stages to August 15, 2017 (see News
Release dated July 4, 2013).
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
with current assets including its Kenville
Gold Mine and Blu Starr Flake
Graphite properties in southeastern BC, and its Lansdowne House, Ring of Fire
Nickel-Copper-PGE property in northwestern Ontario. 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.