Anatolia Minerals Development Limited
TSX : ANO

Anatolia Minerals Development Limited

April 25, 2007 09:27 ET

Anatolia Closes C$100 Million Offering of Convertible Debentures

Anatolia funded to proceed with Copler development; C$90 million convertible debentures plus C$10 million over-allotment

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Anatolia Minerals Development Limited (TSX:ANO)("Anatolia" or the "Company") is pleased to announce the closing of the previously announced C$90 million convertible debenture (the "Convertible Debentures") offering (see Anatolia News Release dated April 2, 2007). The underwriters, led by RBC Capital Markets and including BMO Capital Markets, National Bank Financial Inc., Dundee Securities Corporation and Haywood Securities Inc., held an option to purchase an additional C$10,000,000 of Convertible Debentures which was exercised, bringing total gross proceeds to C$100,000,000. The net proceeds to Anatolia are C$96,750,000 in the aggregate.

Richard C. Moores, President of Anatolia stated, "This financing places Anatolia in excellent position to proceed with development of our Copler Gold Project and to aggressively advance our many projects in Turkey."

The Convertible Debentures are senior, unsecured obligations of Anatolia, carry a coupon of 4.75% per annum payable semi-annually and are convertible into Anatolia shares at C$8.00 per share, representing a conversion premium of approximately 33% to the closing price of Anatolia shares on April 2, 2007. Net proceeds of the offering will be used to fund development of the Copler Project, working capital and general corporate purposes.

A final short-form prospectus was filed with securities regulatory authorities in all provinces of Canada, except Quebec on April 16, 2007. The securities offered were not and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from registration requirement. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.

Anatolia currently has 82.6 million common shares issued and outstanding, 98.2 million fully diluted. Anatolia trades on the Toronto Stock Exchange as ANO.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Anatolia's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Anatolia cannot assure that the forward-looking information contained in this news release will be realized.

Contact Information

  • Anatolia Minerals Development Limited
    Richard C. Moores
    President
    (303) 670-9945
    (303) 670-9947 (FAX)
    or
    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)
    Website: www.anatoliaminerals.com