Anglo Swiss Resources Receives Regulatory Approval on Diamond Property Acquisitions.VANCOUVER, British Columbia -- Anglo Swiss Resources Inc. (TSX VENTURE:ASW)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ASWRF)(BERLIN:AMO) has received regulatory approval regarding the purchase of the Till 1-7 Claims (100%), the PQ 1 - 13 Claims (100%) and the Option and Joint Venture Agreement with New Shoshoni Ventures Ltd.'s "Li 201 Kimberlite Property" (up to 60%). Anglo Swiss now has an interest in 108,487 acres in the Lac de Gras Lac de Gras is a lake approximately 300 km north of Yellowknife, Northwest Territories, Canada. Lac de Gras was the centre of the Canadian diamond rush of the 1990s. There are two working diamond mines in the area, Ekati Diamond Mine, and Diavik Diamond Mine. area of the Northwest Territories, which hosts two producing diamond mines and has extensive known diamondiferous kimberlites and kimberlite-indicator minerals throughout the area. The Till 1-7 claims were acquired for $20,000 plus 900,000 common shares; subject to a four-month hold period, and are subject to restrictions on resale prior to October 22, 2005. The New Shoshoni Li 201 Kimberlite Option and Joint Venture Agreement calls for $130,000 payable in stages to May 25, 2008 and 400,000 common shares, subject to a four-month hold period and are subject to restrictions on resale prior to October 24, 2005. The PQ 1-13 claims were acquired for $50,000 plus 5,000,000 common shares; subject to a four-month hold period and are subject to restrictions on resale prior to October 28, 2005. 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 company relies on litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. protection for "forward looking" statements. 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. Anglo Swiss Resources Inc. (TSX VENTURE:ASW) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ASWRF) (BERLIN:AMO) |
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