Business
Anatolia completes public equity offering
TORONTO, Feb. 12 /CNW/ - Anatolia Minerals Development Limited ("Anatolia" or the "Company") (TSX...
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 12 /CNW/ - Anatolia Minerals Development Limited\n("Anatolia" or the "Company") (TSX:ANO) announces that it has completed its\npreviously announced bought deal public offering of common shares of Anatolia\nat a price of C$1.85 per common share. The underwriters, led by RBC Capital\nMarkets, elected to exercise their over-allotment option on closing, resulting\nin a total of 31,450,000 common shares being issued for gross proceeds of \nC$58,182,500.\n\n\nNet proceeds of the offering will be used to finance development of the\nCöpler Gold Project, and for working capital and general corporate purposes.\n\n\nAbout Anatolia\n\n\nAnatolia Minerals, long recognized as a leader in exploration and\ndevelopment in Turkey, is developing its 100%-owned Cöpler Gold Project.\nInitial plans are to produce approximately 1.3 million ounces of gold at a\ncash cost of about $254 per ounce. The first gold pour at Cöpler is expected\nin early 2010 with full production of about 175,000 ounces of gold per year\nanticipated in 2011. Additional production expansion of the oxide and sulfide\ngold resource is expected at Cöpler by taking advantage of the inherent large\nresource through on-going technical activities. In addition, Anatolia holds a\nsignificant pipeline of prospective gold and base metal projects.\n\n\nAnatolia currently has 114.6 million common shares issued and\noutstanding, 133.5 million fully diluted. Anatolia's common shares are listed\nfor trading on the Toronto Stock Exchange under the symbol ANO.\n\n\nCautionary Statements\n\n\nCertain statements contained in this news release constitute\nforward-looking information, future oriented financial information, or\nfinancial outlooks (collectively "forward-looking information") within the\nmeaning of Canadian securities laws. Forward-looking information may relate to\nthis news release and other matters identified in Anatolia's public filings,\nAnatolia's future outlook and anticipated events or results and, in some\ncases, can be identified by terminology such as "may", "will", "could",\n"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",\n"projects", "predict", "potenti...