Anatolia Mandates Lead Arranger for Senior Project Financing of Copler Gold Project
Friday September 15, 5:03 pm ET
Bayerische Hypo-und Vereinsbank AG "HVB" selected to arrange and underwrite up to US$115 million of credit facilities
ca.us.biz.yahoo.com
TORONTO, ONTARIO--(CCNMatthews - Sept. 15, 2006) - Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX:ANO - News) is pleased to announce Bayerische Hypo- und Vereinsbank AG ("HVB") has been mandated to act as lead arranger and underwriter for a US$105 million senior project debt facility and a US$10 million cost overrun facility (together the "Facilities") to fund development of the Copler Gold Project ("Copler").
HVB has completed substantially all technical due diligence on Copler. However, the Facilities are subject to documentation, further due diligence, final credit approval and a series of conditions precedent prior to drawdown. It is expected funds will be available for drawdown in Q1 2007.
HVB is a member of UniCredit Group, one of Europe's leading financial groups. It has a regional presence in 17 CEE countries, including Turkey where UniCredit is one of the leading banks after having combined Koc Bank and Yapi ve Kredi Bankasi. In 2005, HVB was the leading debt provider in Turkey, providing US$1.4 billion to 23 financings. HVB has been a leading financial institution in the mining and metals sector for over 18 years.
Anatolia currently has 61.1 million common shares issued and outstanding, 70.5 million fully diluted. Anatolia trades on the Toronto Stock Exchange as ANO.
This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations.
Contact:
Richard C. Moores
Anatolia Minerals Development Limited
President
(303) 670-9945
(303) 670-9947 (FAX)
Douglas Tobler
Anatolia Minerals Development Limited
Chief Financial Officer
(303) 292-1299
(303) 297-0538 (FAX)
www.anatolia-minerals.com
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Source: Anatolia Minerals Development Limited |
