Pala acquires Kinross stake in Anatolia Minerals Development Ltd.



    TORONTO, Sept. 24 /CNW/ -

    
    1.  Name and address of the offeror:

        Pala Investments Holdings Limited      Pala Assets Holdings Limited
        ("PIHL")                               ("PAHL")
        22 Columberie, St. Helier              22 Columberie, St. Helier
        Jersey                                 Jersey
        JEI 4XA                                JEI 4XA

        PIHL and PAHL are hereinafter referred to collectively as the
        "Offeror".

    2.  Designation and number or principal amount of securities and the
        offerors's securityholding percentage in the class of securities of
        which the offeror acquired ownership or control in the transaction or
        occurrence giving rise to the obligation to file the news release,
        and whether it was ownership or control that was acquired in the
        those circumstances:

        On September 24, 2007, the Offeror acquired ownership and control of
        7,030,887 common shares of Anatolia Minerals Development Limited (the
        "Issuer"), representing approximately 8.50% of the 82,752,674 common
        shares of the Issuer known by the Offeror to be issued and
        outstanding.

    3.  Designation and number or principal amount of securities and the
        offeror's securityholding percentage in the class of securities
        immediately after the transaction or occurrence giving rise to the
        obligation to file the news release:

        After giving effect to the transaction referred to in item 2 above,
        the Offeror owns and controls a total of 12,476,687 common shares of
        the Issuer, representing approximately 15.08% of the 82,752,674
        common shares of the Issuer known by the Offeror to be issued and
        outstanding. In addition, Jan Castro, a Managing Director of Pala
        Investments AG, which is an affiliate of PIHL and PAHL, owns and
        controls 20,000 common shares of the Issuer which, when combined with
        the common shares held by the Offeror, represent approximately 15.10%
        of the 82,752,674 common shares of the Issuer known by the Offeror to
        be issued and outstanding.

    4.  Designation and number or principal amount of securities and the
        percentage of outstanding securities of the class of securities
        referred to in paragraph 3 over which

        (a) the offeror, either alone or together with any joint actors, has
            ownership and control:

        See item 3 above.

        (b) the offeror, either alone or together with any joint actors, has
            ownership but control is held by other persons or companies other
            than the offeror or any joint actor:

        Not applicable.

        (c) the offeror, either alone or together with any joint actors, has
            exclusive or shared control but does not have ownership:

        Not applicable.

    5.  Name of the market in which the transaction or occurrence that gave
        rise to the news release took place:

        Not applicable.

    6.  Purpose of the offeror and any joint actors in effecting the
        transaction or occurrence that gave rise to the news release,
        including any future intention to acquire ownership of, or control
        over, additional securities of the reporting issuer:

        The common shares were acquired by the Offeror and Jan Castro
        investment purposes. However, the Offeror will seek to nominate a
        candidate to the Board of Directors of the Issuer. The Offeror and
        Jan Castro have no current plan or proposal which relates to, or
        would result in acquiring ownership or control over additional
        securities of the Issuer. The Offeror and Jan Castro may purchase or
        sell securities of the Issuer in the future on the open market or in
        private transactions, depending on market conditions and other
        factors relevant to their investment decisions.

    7.  The general nature and the material terms of any agreement, other
        than lending arrangements, with respect to securities of the
        reporting issuer entered into by the offeror, or any joint actor, and
        the issuer of the securities or any other entity in connection with
        the transaction or occurrence giving rise to the news release,
        including agreements with respect to the acquisition, holding,
        disposition or voting of any of the securities:

        The Common Shares noted in item 2 above were acquired pursuant to two
        private agreements with a shareholder of the Issuer.

    8.  Names of any joint actors in connection with this disclosure:

        Jan Castro, who is a Managing Director of Pala Investments AG (an
        affiliate of PIHL and PAHL), is a joint actor. In addition, Mr.
        Vladimir Iorich is the indirect beneficial owner of PIHL and PAHL.

    9.  In the case of a transaction or occurrence that did not take place on
        a stock exchange or other market that represents a published market
        for the securities, including an issuance from treasury, the nature
        and value of the consideration paid by the offeror

        The common shares noted in item 2 above were acquired pursuant to two
        private agreements for total consideration of $40,427,600 (CDN$5.75
        per share) satisfied in cash.

    10. Description of any change in any material fact set out in a previous
        report by the entity under the early warning requirements in respect
        of the reporting issuer's securities:

        Not applicable.

        DATED September 24, 2007
    





For further information:

For further information: Jan Castro, Telephone: 011 41 41 560 9070

Organization Profile

Pala Investments Holdings Limited

More on this organization

PALA ASSETS HOLDINGS LIMITED

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