American Natural Energy arranges $420,000 private placement of shares

Company sells 7 million of its common shares at $0.06 apiece in deal

By Devika Patel

Knoxville, Tenn., June 11 - American Natural Energy Corp. said it plans a $420,000 private placement of stock.

The company will sell 7 million common shares at $0.06 apiece.

Tulsa, Okla.-based American Natural is an oil and natural gas exploration company.

Issuer:	American Natural Energy Corp.
Issue:	Common shares
Amount:	$420,000
Shares:	7 million
Price:	$0.06
Warrants:	No
Pricing date:	June 11
Stock symbol:	TSX Venture: ANR.U
Stock price:	C$0.05 at close June 8
Market capitalization:	C$946,400

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