Swift Resources Inc.
TSX VENTURE : SWR

Swift Resources Inc.

April 28, 2011 17:55 ET

Swift Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) - Swift Resources Inc. (the "Company") (TSX VENTURE:SWR) is pleased to announce that further to the Company's news release dated April 1, 2011, the Company has closed the Second Tranche of its non-brokered private placement for Non Flow through Units ("NFT"). TSX approval is pending. The total placement consisted of a total of 1,940,000 NFT Units at a price of $0.10 per share for gross proceeds of $194,000.

Each Non NFT unit consists of one share and one share purchase warrant, with each warrant exercisable to acquire an additional share for a period of 2 years from the closing date at an exercise price of $0.15.

All securities issued will be subject to a four-month hold period. Finder's fees may be payable in accordance with the policies of the TSX.

About the Company

Swift Resources is a mineral exploration company advancing the Castlegar Gold Project in south-western British Columbia. For additional information about the Company visit our website at www.swiftres.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Mike Elson, President

Neither the 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 news release.

Contact Information

  • Swift Resources Inc.
    Mike Elson
    604-558-1000

    Swift Resources Inc.
    Lawrie Koyle
    778-889-4871
    www.swiftres.com