Swift Announces Closing of Private Placement
29 April 2011 - 7:55AM
Marketwired
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
Neither the 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 news release.
Contacts: Swift Resources Inc. Mike Elson 604-558-1000 Swift
Resources Inc. Lawrie Koyle 778-889-4871 www.swiftres.com
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