/NOT FOR DISSEMINATION IN THE UNITED STATES. A FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./
CALGARY, June 19, 2012 /CNW/ - Anatolia Energy Corp. (the "Company" or
"Anatolia") (TSX-V: AEE) is pleased to announce that is has filed a
preliminary short form prospectus with the securities regulatory
authorities in Ontario, British Columbia, Saskatchewan, Manitoba and
Alberta, in connection with a fully marketed public offering of units
The Offering will be conducted on a best-efforts agency basis, with
Mackie Research Capital Corporation acting as lead agent and including
Toll Cross Securities Inc., Cormark Securities Inc. and Haywood
Securities Inc. (collectively, the "Agents").
Each unit (the "Units") will be comprised of one common share (the
"Common Shares") and one-half of one Common Share purchase warrant (the
"Warrants"). Each whole Warrant shall have a term of 18 months
following the closing (the "Closing") of the Offering.
The Company expects that gross proceeds of the Offering will be $6
million. The final terms of the Offering, including but not limited to
the price of the Units and the exercise price of the Warrants, will be
determined in the context of the market prior to Closing.
The Agents shall also have the option (the "Agents' Option") to offer
for sale that number of additional Units as is equal to 15% of the
number of Units issued pursuant to the Offering. The Agents' Option
shall be exercisable, in whole or in part, at the discretion of the
Agents, for a period of 30 days following the Closing.
In consideration for their services, the Agents will receive a cash
commission of 7% of the gross proceeds from the Offering and
compensation options to acquire 5% of the total number of Units sold in
connection with the Offering, exercisable up to 18 months from Closing
at the issue price.
The Company intends to use the net proceeds from the Offering to advance
its shale development and exploration activities on its Turkish
licences, and for general corporate and working capital purposes.
The Closing of the Offering is subject to certain customary conditions
including, but not limited to, the execution of a definitive agency
agreement and the receipt of all applicable regulatory approvals,
including the approval of the TSX Venture Exchange. Closing of the
Offering is expected to occur on or about the week of July 9, 2012.
This press release shall not constitute an offer of securities for sale
in the United States. The securities referred to in this press release
have not been, nor will be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an exemption from
About Anatolia Energy Corp.
Anatolia is an international oil and gas company engaged in the
exploration and development of oil and gas assets in Turkey. Anatolia
has the right, pursuant to its joint venture agreements with Çalık
Enerji San. ve Tic. AŞ., the wholly-owned oil and gas subsidiary of the
large Turkish conglomerate Çalık Holding A.Ş., to earn working
interests between 25% and 50% in two development licences and a working
interest of 50% in six exploration licences covering 795,866 gross
acres of land in Turkey's proven Southeastern oil basin. Anatolia is
focused on four play types in Turkey, namely the Silurian Dadas shale
oil trend, Paleozoic Bedinan sand trend, Cretaceous Mardin strike slip
trend and Garzan reef trend. The Silurian Dadas shale oil play in
Turkey is the major source rock in respect of oil production throughout
the Middle East.
Certain information included in this press release constitutes
forward-looking information under applicable securities legislation.
Such forward-looking information is provided for the purpose of
providing information about management's current expectations and plans
relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes, such as making
investment decisions. Forward-looking information typically contains
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this press release may include, but is
not limited to, information with respect to: ultimate economic
viability of the Dadas Shale, operational decisions and the timing
thereof, and timing for drilling and exploration plans on the
properties of Anatolia. Forward-looking information is based on a
number of factors and assumptions which have been used to develop such
information but which may prove to be incorrect. Although Anatolia
believes that the expectations reflected in such forward-looking
information is reasonable, undue reliance should not be placed on
forward-looking information because Anatolia can give no assurance that
such expectations will prove to be correct. Readers are cautioned that
the foregoing list is not exhaustive of all factors and assumptions
which have been used. Anatolia undertakes no obligation to update
forward-looking statements if circumstances or management's estimates
or opinions should change, unless required by law. For further
information on the Company and the risks associated with its business,
please see the Company's AIF dated June 4, 2012, which is available on
SEDAR. The reader is cautioned not to place undue reliance on this
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Anatolia Energy Corp.
For further information:
Peter Argiris, VP Business Development
Anatolia Energy Corp.
403.802.0770 ext. 225