Anvil Announces CDN$123.5 million Bought Deal Financing /THIS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
All amounts are expressed in Canadian dollars
TSX, ASX: AVM Common shares outstanding: 29.3 million
PERTH, Australia, Feb. 21 /CNW/ - Anvil Mining Limited (TSX, ASX: AVM) is pleased to announce that it has entered into a financing agreement, on a bought deal basis, with an underwriting syndicate led by Paradigm Capital Inc., to issue 19,000,000 common shares of Anvil at a price of CDN$6.50 per share for total gross proceeds of CDN$123.5 million. The common shares will be offered in Canada by way of a short-form prospectus. The offering is expected to close on March 21, 2006 and is subject to all normal regulatory approvals, including the approval of the Toronto Stock Exchange and the Australian Stock Exchange. The net proceeds of the offering will be used primarily for development of Anvil's mining projects in the Democratic Republic of Congo, working capital and for general corporate purposes.
AVM Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
