Yes Bruce: Here is the PR
FULL TEXT-Anatolia Minerals in C$7 mln bought deal
TORONTO, Nov 29 (Reuters) - The following statement was issued by Anatolia Minterals Development Ltd. whose stock was halted on the Toronto Stock Exchange on Monday.
Anatolia Minerals Development Limited ("Anatolia") announced today that it has accepted a bought deal with a syndicate of underwriters co-led by Haywood Securities Inc. and Dundee Securities Corporation and including Pacific International Securities Inc. (collectively, the "Underwriters"). The syndicate will purchase 4,000,000 units ("Units") of Anatolia at a price of C$1.75 per Unit (the "Offering Price") for gross proceeds of C$7.0 million. Each Unit will consist of one common share and one-half of one common share purchase warrant of Anatolia.
Each whole warrant ("Warrants") will entitle the holder to purchase one common share for a period of 24 months after the closing date at an exercise price of C$2.50. Anatolia will grant the Underwriters an option, to purchase up to an additional 4,000,000 Units (C$7,000,000), exercisable at the Offering Price prior to the closing date. The offering is expected to close on or about December 15, 2004.
Net proceeds are to be used primarily for exploration and development of Anatolia's Copler project in Turkey and for general working capital purposes. Completion of this transaction is subject to the receipt of all necessary regulatory and stock exchange approvals, including the conditional listing approval of the Toronto Stock Exchange.
The securities being offered have not, nor will be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United Sates or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.
Anatolia has been engaged in minerals exploration in Turkey since 1996. In January 2004, Anatolia obtained 100% interest in the 4-million ounce inferred gold resource at Copler. Anatolia is fast-tracking work at Copler to achieve an early production decision for an open pit gold operation for the shallow leachable oxide portion of Copler. The Company also controls another 1.3 million hectares within Turkey, including three properties currently under joint exploration with Rio Tinto. The Rio Tinto agreement continues through 2007 and requires payment by Rio Tinto of expenditures for grassroots programs, specific prospect costs in which Rio Tinto is participating, and portions of Anatolia's Turkish field office expenses.
Anatolia currently has 41.1 million common shares issued and outstanding, 44.7 million fully diluted.
($1=$1.18 Canadian)
((Reuters Toronto Bureau (416) 941-8105 email: toronto.newsroom@reuters.com)) |
