Anglo Swiss Resources Inc.: Corporate Update
November 09 2007 - 5:05PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (OTCBB: ASWRF)(BERLIN: AMO) is
reporting on corporate matters up to and including the month of
October, 2007.
Anglo Swiss has issued the following shares through the exercise
of warrants and options in the month of October, 2007.
- 420,000 shares for proceeds of $42,000, Agent Options
exercised.
- 68,000 shares for proceeds of $14,960, warrants exercised.
- 100,000 FT shares for proceeds of $15,000, warrants
exercised.
- 328,125 shares for proceeds of $32,812.50, options
exercised.
In total Anglo Swiss has issued 916,125 shares for proceeds of
$104,772.50 in October of 2007.
In keeping with ongoing disclosure practices the Anglo Swiss has
been named as defendant in a lawsuit filed by Gold Standard
Resources Corp. ("Gold Standard"). Gold Standard, along with other
former optionees, was previously notified by Anglo Swiss that the
option joint venture agreement with Anglo Swiss involving the
Kenville Mine Property is at an end and that they have no interest
in the Property. Gold Standard's suit involves the same subject
matter and claims the same relief as that sought in a current
lawsuit involving the same parties that was commenced in December
2006.
Anglo Swiss considers this dispute to be without merit and
intends to continue to vigorously defend against it.
The statements made in this Press Release may contain
forward-looking statements that may involve a number of risks and
uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
The TSX Venture Exchange has not reviewed this press release and
neither approved nor disapproved the information contained in this
press release.
Contacts: Anglo Swiss Resources Inc. Len Danard President &
CEO (604) 683-0484 (604) 683-7497 (FAX) Email: info@anglo-swiss.com
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