January 31, 2017 – Vancouver, British Columbia – Swift Resources Inc. (the “Company” or “Swift”) (TSXV: SWR.H) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the “Exchange”) relating to its proposed acquisition (the “Transaction”) of Romanex Guyana Exploration Ltd. (“Romanex”).
Closing of the Transaction, and final acceptance of the Exchange, remains subject to a number of conditions including completion of necessary financing, and the satisfaction of other closing conditions customary in transactions of this nature. The Transaction cannot close until final acceptance of the Exchange is obtained, and the outstanding conditions satisfied. There can be no assurance that the Transaction will be completed as proposed or at all. Trading in the common shares of the Company will remain halted.
For further information concerning the Transaction, readers are encouraged to review the Company’s news releases of September 14, 2016 and November 7, 2016.
For further information, contact Peter Berdusco at 1.877.844.4661.
On behalf of the Board,
Swift Resources Inc.
Peter Berdusco, Chief Executive Officer
Completion of the Transaction is subject to a number of conditions, including final Exchange acceptance. The Transaction cannot close until the required approvals are obtained, and the outstanding conditions satisfied. There can be no assurance that the Transaction will be completed as proposed or at all.Investors are cautioned that any information released or received with respect to the Transaction may not be accurate or completeand should not be relied upon. Trading in the securities of the Company should be considered highly speculative. Other than as disclosed above, the TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performanceand actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actualresults to differ materially from those in forward-looking statements include market prices, continued availability of capital andfinancing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.