Anatolia Minerals Development Limited

Anatolia Minerals Development Limited

March 22, 2007 08:51 ET

Anatolia Reconfirms Warrant Expiry Accelerated

TORONTO, ONTARIO--(CCNMatthews - March 22, 2007) - Anatolia Minerals Development Limited (TSX:ANO) ("Anatolia" or the "Company") confirms that the expiration date for C$2.65 warrants issued November 3, 2005 has been accelerated to April 5, 2007 at 5:00 p.m. (Toronto time) as originally announced in the March 5, 2007 press release.

Pursuant to the Warrant Indenture, in the event that the closing price of the Company's common shares listed on the Toronto Stock Exchange is greater than or equal to C$5.30 on each of any ten (10) consecutive trading days, the expiry date of the Warrants shall be accelerated to the date that is thirty (30) days following the delivery of a written notice from the Company to holders of Warrants (the "Warrantholders") and the Warrant Agent of such event.

For the period ending February 28, 2007, the closing price of the Common Shares was greater than or equal to C$5.30 for ten (10) consecutive trading days. As such, the expiry date of the Warrants is being accelerated and notice has been mailed to the Warrantholders. A total of 3,934,900 Warrants with an aggregate value of C$10,427,485 are outstanding and subject to this acceleration. The expiry date is now April 5, 2007 at 5:00 p.m. (Toronto time).

Anatolia currently has 78.6 million common shares issued and outstanding, 85.7 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.

Contact Information

  • Anatolia Minerals Development Limited
    Richard C. Moores
    (303) 670-9945
    (303) 670-9947 (FAX)
    Anatolia Minerals Development Limited
    Douglas Tobler
    Chief Financial Officer
    (303) 292-1299
    (303) 297-0538 (FAX)