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SWR

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Share Name Share Symbol Market Type
TSXV:SWR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Swift Announces Closing of Private Placement

01/04/2011 2:30pm

Marketwired Canada


Swift Resources Inc. (the "Company") (TSX VENTURE:SWR) Is pleased to announce
that further to the Company's news release dated March 9, 2011, the Company has
closed its first Tranche of its non-brokered private placement for Non Flow
through Units ("NFT"). The first tranche of the placement consisted of a total
of 1,540,000 of the originally announced 2,175,000 NFT Units at a price of $0.10
per share for gross proceeds of $154,000. The Company received TSX-V approval on
March 31, 2011.


Each NFT Unit consisted of one common share and one common share purchase
warrant. Each warrant entitles the holder to purchase one additional common
share of the Company at an exercise price of $0.15 for a period of 24 months
from the date of issue of the warrant. The proceeds from the NFT Unit private
placement will be used towards general working capital.


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

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