TSX, ASX: AVM
Common shares outstanding 117.6 million
All amounts are expressed in US dollars, unless otherwise stated.
MONTREAL, Sept. 25 /CNW Telbec/ - Anvil Mining Limited (TSX, ASX: AVM), ("Anvil" or the "Company"), is pleased to announce the appointment of Mr. Jeremy Weir to its board of directors. Mr. Weir's appointment follows the completion of Tranche One of a $100 million equity financing. The $100 million equity financing arrangement is part of a combined debt and equity financing arrangement for an aggregate amount of $200 million that was agreed with Trafigura Beheer B.V. ("Trafigura") in August 2009. The second tranche of the equity financing and the debt financing are subject to shareholder approval and a meting of shareholders is expected to be held during November 2009.
Mr. Weir joined Trafigura in 2001 where he is currently an executive director, with responsibility for Trafigura's metals derivatives trading operations and mining investments. In addition, Mr. Weir is Chief Executive Officer and Chief Investment Officer of Galena Asset Management Ltd, Trafigura's hedge fund asset manager. Mr. Weir is also a non-executive director of Iberian Minerals Corp. a company listed on the TSX Venture Exchange.
Prior to joining Trafigura, Mr. Weir was a main board director with N.M. Rothschild and Sons ("Rothschild") where he worked in both Australia and London and was responsible for commodity trading, marketing, and Rothschild's international metals derivatives business. Prior to 1992, Mr. Weir worked for various mining companies in Australia and was involved in risk management and trading in metals and concentrates. Mr. Weir holds a BSc (Hons), Geology Major, from the University of Melbourne.
John Sabine, Chairman of Anvil Mining's board of directors, commented, "Jeremy brings a considerable depth of mining, risk management and business development experience to the board. We are delighted that he has joined the board and we look forward to working with Trafigura to successfully complete Kinsevere Stage II and further develop the Company's interests in the DRC."
Anvil Mining Limited is a copper producer whose shares are listed for trading on the TSX (as common shares) and the Australian Securities Exchange (as CDIs) under the symbol AVM.
SOURCE Anvil Mining Limited
For further information: For further information: Craig Munro, Senior Vice President Corporate & CFO, +61 (8) 9481 4700, firstname.lastname@example.org (Perth); Robert La Vallière, Vice President Corporate Affairs, (514) 448 6664, (Cell) (514) 944-9036, email@example.com (Montréal); Website: www.anvilmining.com