Anatolia completes public equity offering

    TORONTO, Feb. 12 /CNW/ - Anatolia Minerals Development Limited
("Anatolia" or the "Company") (TSX:ANO) announces that it has completed its
previously announced bought deal public offering of common shares of Anatolia
at a price of C$1.85 per common share. The underwriters, led by RBC Capital
Markets, elected to exercise their over-allotment option on closing, resulting
in a total of 31,450,000 common shares being issued for gross proceeds of 
    Net proceeds of the offering will be used to finance development of the
Cöpler Gold Project, and for working capital and general corporate purposes.

    About Anatolia

    Anatolia Minerals, long recognized as a leader in exploration and
development in Turkey, is developing its 100%-owned Cöpler Gold Project.
Initial plans are to produce approximately 1.3 million ounces of gold at a
cash cost of about $254 per ounce. The first gold pour at Cöpler is expected
in early 2010 with full production of about 175,000 ounces of gold per year
anticipated in 2011. Additional production expansion of the oxide and sulfide
gold resource is expected at Cöpler by taking advantage of the inherent large
resource through on-going technical activities. In addition, Anatolia holds a
significant pipeline of prospective gold and base metal projects.
    Anatolia currently has 114.6 million common shares issued and
outstanding, 133.5 million fully diluted. Anatolia's common shares are listed
for trading on the Toronto Stock Exchange under the symbol 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, economic conditions,
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 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

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