Anatolia Energy announces closing of $6.9 million short form prospectus offering
July 18 2012 - 1:52PM
PR Newswire (Canada)
/NOT FOR DISSEMINATION IN THE UNITED STATES. A FAILURE TO
COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S.
SECURITIES LAW./ CALGARY, July 19, 2012 /CNW/ - Anatolia Energy
Corp. (the "Company" or "Anatolia") is pleased to announce that
today it closed an aggregate of $6.9 million pursuant to its short
form prospectus offering (the "Offering") of units (the "Units") at
a price of $0.10 per Unit. Pursuant to the Offering, the Company
issued 69,000,000 Units, including 9,000,000 Units pursuant to the
full exercise of the agents' option. Each Unit is comprised of one
common share (the "Common Shares") and one Common Share purchase
warrant (the "Warrants"). Each Warrant has a term of 36 months from
the closing (the "Closing") of the Offering and is exercisable at
$0.15 per Common Share. If at any time after the Closing of the
Offering, the volume weighted average trading price of the Common
Shares of the Company is greater than $0.45 per share for 30
consecutive trading days, the Company may give written notice to
warrant holders that the Warrants will expire 30 calendar days
after the date of such notice. The Offering was conducted on a
best-efforts agency basis, with Mackie Research Capital Corporation
acting as lead agent and including Toll Cross Securities Inc.,
Cormark Securities Inc. and Haywood Securities Inc. (collectively,
the "Agents"). In consideration for their services, the Agents
received a cash commission of 7% of the gross proceeds from the
Offering and compensation options to acquire 5% of the total number
of Units sold in connection with the Offering, exercisable into
Units up to 18 months from Closing at $0.10 per Unit. Upon
completion of the Offering, the Company has 131,058,930 Common
Shares issued and outstanding. The Company intends to use the net
proceeds from the Offering to advance its shale development and
exploration activities on its Turkish licences, and for general
corporate and working capital purposes. This press release shall
not constitute an offer of securities for sale in the United
States. The securities referred to in this press release have not
been, nor will be, registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the
United States absent registration or an exemption from
registration. About Anatolia Energy Corp. Anatolia is an
international oil and gas company engaged in the exploration and
development of oil and gas assets in Turkey. Anatolia has the
right, pursuant to its joint venture agreements with Çalık Enerji
San. ve Tic. AŞ., the wholly-owned oil and gas subsidiary of the
large Turkish conglomerate Çalık Holding A.Ş., to earn working
interests between 25% and 50% in two development licences and
working interests of 50% in nine exploration licences covering
1,162,856 gross acres of land in Turkey's proven Southeastern oil
basin. Anatolia is focused on four play types in Turkey namely the
Silurian Dadas shale oil trend, Paleozoic Bedinan sand trend,
Cretaceous Mardin strike slip trend and Garzan reef trend.
The Dadas formation in southeast Turkey is an extension of the
prolific Silurian source rocks of the Middle East. Cautionary
Statements Certain information included in this press release
constitutes forward-looking information under applicable securities
legislation. Such forward-looking information is provided for
the purpose of providing information about management's current
expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate
for other purposes, such as making investment decisions.
Forward-looking information typically contains statements with
words such as "anticipate", "believe", "expect", "plan", "intend",
"estimate", "propose", "project" or similar words suggesting future
outcomes or statements regarding an outlook. Forward-looking
information in this press release may include, but is not limited
to, information with respect to: ultimate economic viability of the
Dadas Shale, operational decisions and the timing thereof, and
timing for drilling and exploration plans on the properties of
Anatolia. Forward-looking information is based on a number of
factors and assumptions which have been used to develop such
information but which may prove to be incorrect. Although
Anatolia believes that the expectations reflected in such
forward-looking information is reasonable, undue reliance should
not be placed on forward-looking information because Anatolia can
give no assurance that such expectations will prove to be correct.
Readers are cautioned that the foregoing list is not exhaustive of
all factors and assumptions which have been used. Anatolia
undertakes no obligation to update forward-looking statements if
circumstances or management's estimates or opinions should change,
unless required by law. For further information on the Company and
the risks associated with its business, please see the Company's
AIF dated June 4, 2012, which is available on SEDAR. The
reader is cautioned not to place undue reliance on this
forward-looking information. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. Anatolia Energy Corp.
CONTACT: Peter Argiris, VP Business DevelopmentAnatolia Energy
Corp.403.802.0770 ext. 225
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