Anatolia Energy announces short-form prospectus Offering to raise up to $6 million
June 18 2012 - 10:23AM
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, June 19, 2012 /CNW/ - Anatolia Energy
Corp. (the "Company" or "Anatolia") is pleased to announce that is
has filed a preliminary short form prospectus with the securities
regulatory authorities in Ontario, British Columbia, Saskatchewan,
Manitoba and Alberta, in connection with a fully marketed public
offering of units (the "Offering"). The Offering will be 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"). Each unit (the "Units") will be
comprised of one common share (the "Common Shares") and one-half of
one Common Share purchase warrant (the "Warrants"). Each whole
Warrant shall have a term of 18 months following the closing (the
"Closing") of the Offering. The Company expects that gross proceeds
of the Offering will be $6 million. The final terms of the
Offering, including but not limited to the price of the Units and
the exercise price of the Warrants, will be determined in the
context of the market prior to Closing. The Agents shall also have
the option (the "Agents' Option") to offer for sale that number of
additional Units as is equal to 15% of the number of Units issued
pursuant to the Offering. The Agents' Option shall be exercisable,
in whole or in part, at the discretion of the Agents, for a period
of 30 days following the Closing. In consideration for their
services, the Agents will receive 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 up to 18 months from Closing at the issue
price. 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. The Closing of the Offering is subject to
certain customary conditions including, but not limited to, the
execution of a definitive agency agreement and the receipt of all
applicable regulatory approvals, including the approval of the TSX
Venture Exchange. Closing of the Offering is expected to occur on
or about the week of July 9, 2012. 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 a working interest of
50% in six exploration licences covering 795,866 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 Silurian Dadas shale oil
play in Turkey is the major source rock in respect of oil
production throughout 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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