Anglo Swiss Resources Announces Closing of Private Placement.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--March 29, 2004 Anglo Swiss Resources Inc. (TSX-Venture: ASW ASW Antisubmarine Warfare ASW Approved Social Worker ASW Application Software ASW a Small World (online community) ASW Art Supply Warehouse ASW Artificial Sea Water ASW Australian Standard White (wheat) ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ASWRF) (Berlin: AMO AMO - America's Multimedia Online ) has received subscription agreements on a non-brokered private placement for 5,180,000 units at 10 cents each. The placement was originally announced in a news release dated February 12, 2004. Each unit comprises one common share and one share purchase warrant, entitling the holder to purchase an additional common share for 15 cents for a one year period. Upon receiving final approval from the regulatory authorities, the shares and warrants will be subject to a minimum hold period, restricted from resale before July 30, 2004; the warrants expire March 29, 2005. The proceeds of the private placement will be used by the corporation for general working capital and to pay for the costs of continued evaluation of both the Kenville Gold property and the Blu Starr Gemstone property. On behalf of the Board, Len Danard, President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. |
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