Anatolia Energy Announces Pricing of Short Form Prospectus Offering
July 10 2012 - 6:00PM
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 10, 2012 /CNW/ - Anatolia Energy
Corp. (the "Company" or "Anatolia") is pleased to announce that it
has priced its previously announced short form prospectus offering
(the "Offering") of units (the "Units") at a price of $0.10 per
Unit. Pursuant to the Offering, the minimum gross proceeds to be
raised will be $5,000,000 through the issuance of 50,000,000 Units
(the "Minimum Offering") and the maximum gross proceeds to be
raised will be $6,000,000 through the issuance of 60,000,000 Units
(the "Maximum Offering"). Each Unit will be comprised of one common
share (the "Common Shares") and one Common Share purchase warrant
(the "Warrants"). Each Warrant shall have a term of 36 months
following the closing (the "Closing") of the Offering and will be
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 Company 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.
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"). 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 $0.10 per
Unit. 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 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 is
expected to occur on or about the week of July 16, 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
working interests 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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