Anatolia mandates lead arranger for senior project financing of Copler Gold Project



    TORONTO, Aug. 25 /CNW/ - Anatolia Minerals Development Limited
("Anatolia" or the "Company") (TSX: ANO) today announces Bayerische Hypo- und
Vereinsbank AG, a member of UniCredit Group ("UniCredit"), has been mandated
to act as lead arranger and underwriter for a US$70 million senior project
debt facility (the "Facility").
    Proceeds from the Facility will complete Anatolia's external funding
needs for Phase 1 development of the Company's 100%-owned Copler Gold Project
("Copler") in east-central Turkey. Facility documentation is substantially
complete; proceeds will be available following satisfactory due diligence,
final credit approval and customary conditions precedent prior to drawdown.
Remaining capital requirements for Phase 1 will be funded from existing
working capital.
    Edward Dowling, President and CEO of Anatolia stated, "The Facility with
UniCredit will provide the remaining project financing needed to complete
Phase 1. This is an important milestone for the development of the mine at
Copler. Going forward, we'll top up our working capital as needed to support
our growth strategy, but the Company's flexibility is now much improved."
    UniCredit Group is one of Europe's largest financial institutions. For 20
years HVB, as part of the UniCredit Group, has been an active finance house
catering to the needs of its diverse and broad client base. With highly
experienced industry specialists and regional coverage the Group is well
positioned to provide solutions for its mining customers.

    About Anatolia

    Anatolia Minerals is a leader among exploration and development companies
in Turkey, pursuing a disciplined strategy for growth through resource
discovery and development. The Company's 100%-owned Copler Gold Project is
among Turkey's largest undeveloped gold deposits. Anatolia is developing
Copler with a holistic approach. The Company plans a phased mine development
at Copler. Phase 1 begins with a crush-heap leach operation for the oxide
ores. Simultaneously, the Company is accelerating exploration and technical
work to generate additional gold resource and reserves for both oxide and
sulfide ores. In Phase 2, the Company plans to install milling for
higher-grade oxide ores to produce additional gold along with the initial heap
leach. Phase 3 will culminate in the development of the sulfide mineral
resources.
    Anatolia currently has 83.1 million common shares issued and outstanding,
100.5 million fully diluted. Anatolia trades on the Toronto Stock Exchange as
ANO.

    Cautionary Statements

    Certain statements contained in this news release constitute
forward-looking information, future oriented financial information, or
financial outlooks (collectively "forward-looking information") within the
meaning of Canadian securities laws. Forward-looking information may relate to
this news release and other matters identified in Anatolia's public filings,
Anatolia's future outlook and anticipated events or results and, in some
cases, can be identified by terminology such as "may", "will", "could",
"should", "expect", "plan", "anticipate", "believe", "intend", "estimate",
"projects", "predict", "potential", "continue" or other similar expressions
concerning matters that are not historical facts and include, but are not
limited in any manner to, those with respect to commodity prices, mineral
resources, mineral reserves, realization of mineral reserves, existence or
realization of mineral resource estimates, the timing and amount of future
production, the timing of construction of the proposed mine and process
facilities, capital and operating expenditures, availability of sufficient
financing, and any and all other timing, development, operational, financial,
economic, legal, regulatory, political factors that may influence future
events or conditions. Such forward-looking statements are based on a number of
material factors and assumptions, including, but not limited in any manner,
those disclosed in any other Anatolia filings, and include the ultimate
determination of mineral reserves, availability and final receipt of required
approvals, licenses and permits, sufficient working capital to develop and
operate the proposed mine, access to adequate services and supplies, commodity
prices, foreign currency exchange rates, interest rates, access to capital
markets and associated cost of funds, availability of a qualified work force,
and the ultimate ability to mine, process and sell mineral products on
economically favorable terms. While we consider these assumptions to be
reasonable based on information currently available to us, they may prove to
be incorrect. Actual results may vary from such forward-looking information
for a variety of reasons, including but not limited to risks and uncertainties
disclosed in other Anatolia filings at www.sedar.com and other unforeseen
events or circumstances. Other than as required by law, Anatolia does not
intend, and undertakes no obligation to update any forward looking information
to reflect, among other things, new information or futures events.





For further information:

For further information: Edward Dowling, President and CEO, or Douglas
Tobler, Chief Financial Officer at (303) 292-1299 or visit
www.anatoliaminerals.com.

Organization Profile

Alacer Gold Corp.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890