Anglo Swiss Resources Grants 400,000 Options
Dec. 7, 2010 (Business Wire) -- Anglo Swiss Resources Inc. has granted 400,000 options to directors, officers and/or employees at 22.5 cents per share for up to a period of five years. The options will vest according to the TSX Venture Exchange policies and are subject to trading restrictions as per regulatory rules and policies.
Anglo Swiss Resources is developing the Company’s 100% owned Kenville Gold Mine property and is also earning a majority interest in the 160 square kilometer Nelson Mining Camp, south of the Kenville property. The Nelson Mining Camp is the host to numerous, historical producing gold, silver and copper mines, surface adits and old workings. Exploration programs are underway throughout the property with the focus on building a larger gold resource within the Kenville Gold Mine property and beyond to the south.
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Cautionary Note Regarding Forward-Looking Statements
Certain of the statements made herein may contain forward-looking statements or information within the meaning of Canadian securities laws and the applicable securities laws of the United States. 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. Factors related to such risks and uncertainties, and underlying estimates and assumptions include, among others, the following: the ability of Anglo Swiss Resources to advance development of its properties; price volatility of gold and other metals; impact of any hedging activities, including margin limits and margin calls; discrepancies between actual and estimated production, between actual and estimated resources, and between actual and estimated metallurgical recoveries; mining operational risk; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign investment; speculative nature of mineral exploration; defective title to mineral claims or property, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities; and labour relations matters. Accordingly, undue reliance should not be placed on forward looking statements or information. We do not expect to update forward-looking statements or information continually as conditions change, except as may be required by law.
Anglo Swiss Resources Inc.
Len Danard, 604-683-0484
President and Chief Executive Officer
Fax: 604-683-7497
corporate@anglo-swiss.com
Source: Business Wire (December 7, 2010 - 6:16 PM EST)
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