Anglo Minerals Ltd.

Anglo Minerals Ltd.

January 20, 2006 12:57 ET

Anglo Minerals Ltd. Announces $762,500 Brokered Private Placement

CALGARY, ALBERTA--(CCNMatthews - Jan. 20, 2006) - Anglo Minerals Ltd. (TSX VENTURE:ALM) is pleased to announce that it has engaged Union Securities Ltd. ("Union") to raise up to $762,500 by way of a brokered private placement. Union will act as agent on a commercially reasonable best efforts basis to raise a maximum of $762,500 through the sale of up to 750,000 common shares at $0.50 per share and up to 750,000 "flow-through" common shares at $0.55 per share. The offering is scheduled to close in mid-February and is subject to regulatory approval.

Proceeds of the offering will be used to fund the winter 3-D seismic program to be completed on Anglo's Jansen Lake potash project and for general working capital.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Anglo Minerals Ltd.
    Todd Montgomery
    (403) 228-0607