Anglo Swiss Announces Annual General and Special Meeting
VANCOUVER, Nov. 6, 2012 /PRNewswire/ – Anglo Swiss Resources Inc. (ASW: TSX-V,
ASWRF: PK) (“Anglo Swiss” or the “Company“) announces its Annual General and Special Meeting of Shareholders (the
“Meeting”) will be held on November 30, 2012. At the Meeting, in
addition to the election of directors and appointment of auditors for
the ensuing year, shareholders will be asked to approve a consolidation
of the Company’s issued and outstanding common shares at a ratio of up
to five (5) to one (1). The Company currently has an aggregate of
184,656,900 common shares issued and outstanding. If the share
consolidation were undertaken at the ratio of 5 to 1, the issued and
outstanding common shares would be approximately 36,931,380. The
Company also intends to change its name in connection with the proposed
share consolidation to “Golden Libra Minerals Inc.” or any other name
deemed appropriate by the board of directors.
The Company’s board of directors are seeking shareholder approval for a
share consolidation to better position the Company to finance future
exploration activities. The board of directors believe that the
existing share structure may not be conducive to completing additional
equity financings, particularly given the present difficult market
conditions for junior exploration companies, and that a combination of
a consolidation of shares and a new strategic acquisition will markedly
improve the Company’s ability to grow and raise capital. The Company
plans to focus on optimizing value for its current properties and to
use its extensive industry experience to identify and acquire new
opportunities it believes will regenerate market interest in the
The proposed consolidation and name change are subject to shareholder
approval and acceptance for filing by the TSX Venture Exchange and any
other regulatory body having jurisdiction. Additional information
regarding the proposed consolidation is provided in the management
information circular for the meeting. The information circular and
other materials relating to the meeting have been mailed to registered
shareholders and filed on SEDAR.
ON BEHALF OF THE BOARD OF DIRECTORS,
Jari Paakki, P.Geo.
About Anglo Swiss:
Anglo Swiss Resources Inc. is a Canadian based exploration company with
current assets including its Kenville Gold Mine and Blu Starr Flake
Graphite properties in southeastern BC, and its Lansdowne House, Ring
of Fire Nickel-Copper-PGE property in northwestern Ontario. Further
information about the Company may be found in the Company presentation
at http://www.anglo-swiss.com or at http://www.sedar.com.
Cautionary Note Regarding Forward-Looking Statements: Certain statements made herein may contain forward-looking statements
or information within the meaning of Canadian securities laws. Such
forward-looking statements or information include, but are not limited
to, statements or information with respect to Anglo Swiss Resources’
plan for future exploration and development of its properties.
Forward-looking statements or information are based on a number of
estimates and assumptions and are subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking statements or information.
Should one or more of these risks and uncertainties materialize, or
should underlying estimates and assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements or information. For example, there is no certainty, that
any economically viable mineral deposit will be located on the
Property, or that the Company will be able to raise sufficient capital
to complete all of its exploration and drill programs. Accordingly,
undue reliance should not be placed on forward-looking statements or
information. Anglo Swiss does not expect to update forward-looking
statements or information continually as conditions change, except as
may be required by securities law.
SOURCE Anglo Swiss Resources Inc.