Business
ANATOLIA PROVIDES ÇÖPLER UPDATE AND ANNOUNCES ARRANGEMENT OF CREDIT FACILITY
ANATOLIA PROVIDES ÇÖPLER UPDATE AND ANNOUNCES ARRANGEMENT OF CREDIT FACILITY
About this update from Allied Strategic Resources Corp
[{"type":"text","content":"\n\n\n\n Nov. 16, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 16 /CNW/ - Anatolia Minerals Development Limited ("Anatolia" or the "Company") [TSX: ANO] is pleased to provide an update on Çöpler Gold Mine in Eastern Turkey\n and announce the closing of a credit facility. Ed Dowling, President\n and CEO of Anatolia stated, "An enormous amount of work has been\n accomplished at Çöpler and key production systems are currently being\n tested and commissioned. The current schedule shows the first gold pour\n will occur in December, 2010; however, unanticipated events could push\n this important milestone into January 2011. As such and after reviewing\n a number of alternatives, the Company has closed a backstop financing\n facility with Standard Bank to ensure sufficient liquidity during this\n vital period. We are excited about the new relationship with Standard\n Bank which has proven to be an excellent business partner."\n\n\nÇöpler Construction Progress\n\n\nConstruction activities began at Çöpler Gold Mine in October 2009 (see\n News Release, October 5, 2009) and substantial progress was made this\n quarter, with construction activities advancing on all fronts.\n Management was targeting to achieve first pour earlier during Q4 2010,\n but some slippage has occurred. Critical path items leading towards the\n first gold pour are presently scheduled for completion during December\n 2010. Some ri...