Anglo Swiss Resources Inc.
TSX VENTURE : ASW
OTC Bulletin Board : ASWRF
BERLIN : AMO

Anglo Swiss Resources Inc.

January 11, 2008 18:11 ET

Anglo Swiss Resources Closes $4.3 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2008) - Anglo Swiss Resources Inc. ("Anglo Swiss") (TSX VENTURE:ASW)(OTCBB:ASWRF)(BERLIN:AMO) reports further to the news releases dated Dec. 10, 2007, and Dec. 19, 2007, that it has closed its private placement of units.

Anglo Swiss has completed the private placement of 4,210,522 flow-through units at a price of 47.5 cents per flow-through unit for gross proceeds of $2-million to the MineralFields Group. Each flow-through unit consisted of one flow-through common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss on or before Dec. 7, 2009, at a price of 80 cents per share during the first 12-month period and at a price of $1 per share during the second 12-month period. In addition, Anglo Swiss completed the private placement of 1.25 million units of Anglo Swiss at a price of 40 cents per unit for total proceeds of $500,000 to the MineralFields Group. Each unit consisted of one common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss at a price of 60 cents per share on or before Dec. 7, 2009. The shares and warrants will be restricted for trading until April 8, 2008.

Anglo Swiss Resources Inc. has completed the second tranche of its equity offering, issuing 3.75 million units at a price of 40 cents per unit for total gross proceeds of $1.5-million. Each unit comprises one common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss at a price of 60 cents per share on or before Dec. 18, 2009. In addition, Anglo Swiss completed the private placement of 627,503 flow-through units of Anglo Swiss at a price of 47.5 cents per flow-through unit for gross proceeds of approximately $300,000. Each flow-through unit comprises one flow-through common share and one-half of one common share purchase warrant of Anglo Swiss, each whole warrant entitling the holder thereof to acquire one common share of Anglo Swiss at a price of 80 cents per share on or before Dec. 18, 2008, and thereafter at a price of $1 per share until Dec. 18, 2009. The shares and warrants will be restricted for trading until April 19, 2008.

Anglo Swiss has also issued the following shares through the exercise of warrants and options in the month of December, 2007.

- 676,917 shares for proceeds of $147,571.74 warrants exercised.

- 121,500 shares for proceeds of $12,500, agent options exercised.

In total Anglo Swiss has issued 798,417 shares for proceeds of $160,071.74 in December of 2007 by the issuance of warrants. The Company has significantly increased its working capital in the fourth quarter of 2007 through the exercise of warrants and options in October, November and December for an aggregate of $551,515.74, plus the private placement of $4.3 million.

Anglo Swiss is now well financed through fiscal 2008 with funds on hand for extensive exploration of its properties and significant working capital for general and administrative purposes.

About Anglo Swiss

Anglo Swiss is a mineral exploration company focused on creating shareholder value through the acquisition and development of quality precious/base metal and gemstone properties that have undiscovered resource potential. The company is actively exploring and drilling its 100% owned, advanced staged Kenville Gold Property located in southeastern British Columbia with the goal of developing a world-class porphyry copper and gold deposit. The company is also in the process of exploring a diamondiferous bearing kimberlite property, known as the Fry Inlet Diamond Property, located in the Lac de Gras region of Canada's Northwest Territories in which it has the right to earn up to a 60% interest pursuant to an option and joint venture agreement with New Shoshoni Ventures Ltd.

For further information, investors are asked to visit the Anglo Swiss Resources Investor Relations Hub at www.agoracom.com/IR/AngloSwiss or email to ASW@agoracom.com.

Reader Advisory: The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Anglo Swiss Resources Inc.
    Len Danard
    President and Chief Executive Officer
    (604) 683-0484
    (604) 683-7497 (FAX)
    Email: info@anglo-swiss.com
    Website: www.anglo-swiss.com
    or
    The Howard Group Inc.
    Jeff Walker
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    or
    The Howard Group Inc.
    Grant Howard
    Investor Relations - Canada
    Toll Free: 1-888-221-0915
    Website: www.howardgroupinc.com
    or
    Investor Awareness Inc.
    Tony Schor
    Investor Relations - United States
    (847) 945-2222
    or
    Investor Awareness Inc.
    Jim Foy
    Investor Relations - United States
    (847) 945-2222
    Website: www.investorawareness.com