/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
TSX, ASX: AVM
Common shares outstanding 71.2 million
All amounts are expressed in US dollars, unless otherwise stated.
MONTREAL, April 15 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM), ("Anvil"
or the "Company"), announced today that it has filed a preliminary short form
prospectus in Canada in connection with a public offering (the "Offering") of
common shares of the Company (the "Shares"). Paradigm Capital Inc. and BMO
Capital Markets have been appointed joint book runners for the transaction.
Although the size and pricing of the Offering have not yet been determined,
the Company expects to raise gross proceeds of approximately Cdn$30 million.
The Offering will be conducted through a syndicate of underwriters led by
Paradigm Capital Inc. and BMO Capital Markets. The Shares of Anvil are being
offered by way of a short form prospectus in each of the provinces and
territories of Canada, other than Québec. The underwriters will also have the
option, exercisable in whole or in part, at any time up to 30 days after the
closing of the Offering, to purchase up to an additional 15% of Shares to
cover over-allotments, if any, and for market stabilization purposes.
The Offering will be priced in the context of the market with the final
terms of the Offering to be determined at the time of pricing. Anvil intends
to use the net proceeds of the Offering to make pas de porte or entry premium
payments aggregating US$15 million due to La Générale des Carrières et des
Mines (Gécamines) in respect of Anvil's Kinsevere property and for general
The Offering is scheduled to close on or about May 4, 2009 and is subject
to certain customary conditions and regulatory approvals, including the
approval of the Toronto Stock Exchange.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States or any other
jurisdiction outside of Canada, nor shall there be any sale of the securities
in any jurisdiction in which such offer, solicitation or sale would be
unlawful. The Shares offered have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "1933 Act"), or any
state securities laws and may not be offered or sold in the United States
absent registration or an applicable exemption from the registration
requirements of the 1933 Act and applicable state securities laws.
The preliminary short form prospectus relating to the Offering has been
filed with securities commissions or similar authorities in each of the
provinces and territories of Canada, other than Québec. A copy of the
preliminary prospectus will also be lodged with the Australian Securities
Exchange. The preliminary prospectus is still subject to completion or
amendment. Copies of the preliminary prospectus may be obtained upon request
without charge from Paradigm Capital Inc. and BMO Capital Markets. A copy of
the preliminary prospectus may also be obtained on SEDAR (www.sedar.com).
There will not be any sale or any acceptance of an offer to buy the securities
until a receipt for the final prospectus has been issued.
Anvil Mining Limited is an unhedged copper producer whose shares are
listed for trading on the Toronto Stock Exchange (as common shares) and the
Australian Securities Exchange (as CDIs) under the symbol AVM.
Caution Concerning Forward-Looking Statements:
This news release contains "forward-looking statements" and
"forward-looking information", which may include, but is not limited to the
intended use of proceeds for the Offering. Often, but not always,
forward-looking information can be identified by the use of words such as
"plans", "expects", "is expected", "is expecting", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates", or "believes", or
variations (including negative variations) of such words and phrases, or state
that certain actions, events or results "may", "could", "would", "might", or
"will" be taken, occur or be achieved. The purpose of forward-looking
information is to provide the reader with information about management's
expectations and plans for 2009. Readers are cautioned that forward-looking
information involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Anvil
and/or its subsidiaries to be materially different from any future results,
performance or achievements expressed or implied by the forward-looking
information. Such factors include, among others, those factors discussed in
the section entitled "Risk Factors" in the Company's Annual Information Form.
Although Anvil has attempted to identify statements containing important
factors that could cause actual actions, events or results to differ
materially from those described in forward-looking information, there may be
other factors that cause actions, events or results to differ from those
anticipated, estimated or intended. Forward-looking information contained
herein are made as of the date of this document based on the opinions and
estimates of management on the date statements containing such forward looking
information are made, and Anvil disclaims any obligation to update any
forward-looking information, whether as a result of new information, estimates
or opinions, future events or results or otherwise, except as required by law.
There can be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such information. Accordingly, readers should not place
undue reliance on forward looking information.
Readers are cautioned not to rely solely on the summary of such
information contained in this release, but should read the preliminary
prospectus dated April 15, 2009 and the documents incorporate by reference
therein, all of which is filed under our profile on SEDAR (www.sedar.com), and
any future amendments to such preliminary short form prospectus. Readers are
also directed to the cautionary notices and disclaimers contained herein. All
forward-looking statements and information made in this news release are
qualified by this cautionary statement.
For further information:
For further information: Craig Munro, Senior Vice President, Corporate &
CFO, Tel: +61 (8) 9481 4700, Email: firstname.lastname@example.org (Perth); Robert La
Vallière, Vice President Corporate Affairs, Tel: (Office) (514) 448-6664,
(Cell) (514) 944-9036, Email: email@example.com (Montréal); Website: