New Issue: Anvil Mining announces C$296.67 million placement of stock

By Devika Patel

Knoxville, Tenn., July 10 - Anvil Mining Ltd. said it arranged a C$296.67 million private placement of common shares.

The company will sell 23,733,970 common shares at C$12.50 apiece to Catala Global Ltd.

Proceeds will be used for completion of Kinsevere Stage II, Kulu Stage II SX-EW and studies leading to the development of an expanded SX-EW facility at Kolwezi and for general working capital.

Based in Toronto, Anvil is a copper and silver production company.

Issuer:	Anvil Mining Ltd.
Issue:	Common shares
Amount:	C$296,674,625
Shares:	23,733,970
Price:	C$12.50
Warrants:	No
Investor:	Catala Global Ltd.
Pricing date:	July 10
Stock symbol:	Toronto: AVM
Stock price:	C$8.93 at close July 9

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