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Anglo Swiss Finalizes Definitive Agreement for Kenville Sale and Notice of Annual and Special General Meeting

ASW: TSX.V

VANCOUVER, March 25, 2014 /PRNewswire/ - Anglo Swiss Resources Inc. (ASW: TSX-V, ASWRF: PK) ("Anglo Swiss" or the "Company") is pleased to announce that it signed the Definitive Agreement relating to the sale of its Kenville Gold Property to 0995237 B.C. Ltd., a private company, announced on March 3, 2014. Total consideration for the purchase is CDN$5,900,000. The TSX Venture Exchange has granted conditional approval subject to shareholder approval. The closing date of the transaction shall not be later than May 2, 2014.

The Annual and Special General Meeting (the "Meeting") of the Shareholders of Anglo Swiss will be held on Friday, April 11, 2014 for the following purposes:

  • To approve, by special resolution, the sale of the Kenville Gold Property to 0995237 B.C. Ltd.;
  • To approve the proposed acquisition of a private Ontario company, Gungnir Resources Inc. ("Gungnir"), and 100% of its exploration properties in northern Sweden (see News Release dated February 12, 2014);
  • To approve, by special resolution, the change of name of the Company to "Gungnir Resources Inc.", or any other name deemed appropriate by the Board of Directors;
  • To appoint auditors for the ensuing year;
  • To fix the number of directors at five (5) and to re-elect directors for the ensuing year;
  • To approve the adoption of the 2014 Stock Option Plan; and
  • To approve, by special resolution, amendments to the Company's Articles to include the Advance Notice Provisions.

Additional information regarding these items is provided in the management information circular that was mailed to registered shareholders and filed on SEDAR at http://www.sedar.com.

Shareholders are encouraged to vote with Anglo Swiss management IN FAVOUR of the Meeting items.

Shareholders of record at the close of business on February 21, 2014 will be entitled to notice of and to attend and vote at, the Meeting. Shareholders who are unable to attend the Meeting in person are requested to read the notes (the "Notes") accompanying the Instrument of Proxy enclosed therewith and then complete, sign and return the Instrument of Proxy within the time set out in the Notes. A proxy will not be valid unless it is deposited at the office of Computershare Trust Company of Canada, Proxy Dept. 100 University Avenue, 9th Floor, Toronto, Ontario, M5J 2Y1 (facsimile in North America 1-866-249-7775; outside North America 416-263-9524) before 10:00 am eastern time on Wednesday, April 9, 2014. Shareholders of record may also vote by telephone or vote online based on the instructions enclosed within the proxy package.

ON BEHALF OF THE BOARD OF DIRECTORS,

Jari Paakki, P.Geo.
CEO

About Anglo Swiss:
Anglo Swiss Resources Inc. is a Canadian-based exploration company. Current assets include its Kenville Gold and Blu Starr Flake Graphite properties in southeastern BC.  The Company has recently entered into an agreement in principle to acquire Gungnir Resources Inc. and its gold exploration properties in Sweden. Further information about the Company may be found 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.

Neither 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 release

SOURCE Anglo Swiss Resources Inc.

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