Feb 3, 2016 at 2:35 AM UTC

Bruce Mitchell Files Early Warning Report With Regards to Conversion of Convertible Bonds of Anderson Energy Inc.

Nepean, Ontario (FSCwire) - Bruce Mitchell (“Securityholder”) has filed an early warning report dated February 2, 2016 advising of the mandatory conversion of $9,092,000 face value of 7.5% convertible debentures into 1,667,730,180 (~17.85%) of Anderson Energy Inc., (the “Company”). The Securityholder now holds 1,667,730,180 shares (~17.85%) of the 9,343,965,173 issued and outstanding common shares of the Company and $6,211,500 face value of 7.25% convertible debentures maturing June 30, 2017 convertible at $1.70 per share, which would convert into 3,653,824 shares totaling 17.89% of the then issued and outstanding shares. Should these securities be converted the shareholder would own 17.89% of the total outstanding shares.

The Securityholder holds the shares of the Company for investment purposes and may from time to time acquire additional securities of the Company either on the open market or through private acquisitions or sell securities of the Company either on the open market or through private dispositions. This news release is being issued under the early warning provisions of Canadian provincial securities legislation.

For further information, please contact: Sean McPherson at [email protected]

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/andersonen02022016.pdf

Source: Bruce Mitchell

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