DALLAS, Oct. 30, 2009 (GLOBE NEWSWIRE) -- Southwest Resources, Inc. (Pink Sheets:SWRS) (the "Company") today announced that the Company has completed its purchase of the assets of Duke Mining Company Inc., ("Duke") for the assumption of $823,706 of Duke's outstanding debt and obligations. The assets purchased include the lease arrangement for the 640 acre mining claim in Utah and the respective equipment, fixtures and furniture associated with the claim.
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company engaged in the acquisition, development, exploration and production of natural gas, crude oil, placer deposits of precious metals and other income-producing natural resources. The Company holds oil and gas interests in Oklahoma and mining rights in Utah.
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.