Swift Announces Closing of Private Placement
April 28 2011 - 5:55PM
Marketwired Canada
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