Anatolia Minerals Development Limited
TSX : ANO

Anatolia Minerals Development Limited

April 02, 2007 16:32 ET

Anatolia Minerals Development Limited Announces C$90 Million Offering of Convertible Debentures

TORONTO, ONTARIO--(CCNMatthews - April 2, 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") announced today that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets ("RBC") under which the underwriters have agreed to purchase C$90 million of convertible debentures due 2012 (the "Convertible Debentures").

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 33.3% to the closing price of Anatolia shares on April 2, 2007. Anatolia has granted the underwriters an option to purchase an additional C$10 million of Convertible Debentures on the same terms principal amount of Debentures on the same terms and conditions, exercisable until 30 days following the closing of this offering.

Net proceeds of the offering will be used to fund development of the Copler Project. Any additional net proceeds will be used for working capital and general corporate purposes.

A preliminary short-form prospectus will be filed with securities regulatory authorities in all provinces of Canada on or about April 10, 2007. The offering is expected to close on or about April 25, 2006. The offering is being made in all provinces of Canada except Quebec by means of a short-form prospectus, and is subject to the approval of securities regulatory authorities. The securities to be offered have not been 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 trades on the Toronto Stock Exchange as ANO.

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.anatolia-minerals.com