By Sheri Kasprzak
New York, Nov. 3 - Anatolia Minerals Development Ltd. said it has completed a private placement with a fully exercised greenshoe for C$15,000,120.
The company issued a total of 7,894,800 units at C$1.90 each.
A syndicate of underwriters led by Desjardins Securities Inc. and including Dundee Securities Corp. and National Bank Financial Inc. exercised an over-allotment option for 1,579,000 units.
The units are comprised of one share and one half-share warrant. The whole warrants allow for the purchase of another share at C$2.65 each for two years.
The deal was first announced Oct. 18 as a C$12,000,020 offering of up to 6,315,800 units under the same terms.
Proceeds will be used for a feasibility study and development on the Copler gold project in Turkey. The rest will be used for general working capital.
Toronto-based Anatolia is a gold exploration company.
| Issuer: | Anatolia Minerals Development Ltd.
|
| Issue: | Units of one share and one half-share warrant
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| Amount: | C$15,000,120
|
| Units: | 7,894,800 (includes greenshoe for 1,579,000 units)
|
| Price: | C$1.90
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| Warrants: | One half-share warrant
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| Warrant expiration: | Two years
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| Warrant strike price: | C$2.65
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| Underwriters: | Desjardins Securities Inc. (lead); Dundee Securities Corp.; National Bank Financial Inc.
|
| Pricing date: | Oct. 18
|
| Settlement date: | Nov. 3
|
| Stock price: | C$1.86 at close Oct. 18
|
| Stock price: | C$1.82 at close Nov. 3
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