So who is Dan Gertler?see:...

So who is Dan Gertler?

see: http://www.dgi-group.com/company/dangertler.htm

It is interesting that the placement has bought by the Gertler family trust and not the DGI companies. It seems to be more of a private investment, but we will see as more reports come to light and the conference call will of course give us some more details.

It's a lot of money!


Some initial press reports below of the announcement.

Gertler Family Buys Quarter of Anvil Mining

By Canadian Press
10 Jul 2008 at 02:52 PM GMT-04:00

MONTREAL (CP) — Anvil Mining Ltd. [TSX:AVM] has an agreement in principal that would give the Gertler family trust a 25 per cent stake in the copper and silver producer and one seat at Anvil's board of directors in return for nearly C$296.7 million cash.

The price of $12.50 per share represented a 27 per cent premium to the 30-day weighted average price of the stock, and values the company as a whole at nearly $1.2 billion, not including any debt.
Anvil said money from the equity sale would be used to further develop the Kinsevere copper mine, and the Kulu copper tailings operation in the Katanga Province of the Democratic Republic of Congo.

The agreement between Anvil and Catala Global Ltd., whose ultimate owner is a trust for the benefit of family members of Dan Gertler, includes several conditions including regulator and shareholder approvals.

So long as Catala or its affiliates continue to hold at least 20 per cent of Anvil's common shares, Catala will have a right to participate in future issuances of shares or convertible securities to maintain its proportionate ownership stake.

Following the announcement and the lifting of a trading halt, Anvil shares traded at $10.66, up $1.73 or nearly 20 per cent. They're still well below their 52-week high of $20.31, established nearly a year ago. The 52-week low of $8.07 was set July 3.

Anvil shares jump on massive private placement
Posted: July 10, 2008, 1:28 PM by David Pett
Mining

Anvil Mining Ltd. shares spiked 24% to around $11.08 Thursday after the company announced that Catala Global Limited will purchase almost 23.8-million shares in the company at $12.50 per share.

Catala, which is owned by a trust for the benefit of family members of well known diamond investor Dan Gertler, will own about 25% of Anvil after the transaction and elect one person to the board.

Anvil, a copper miner with assets in the Democratice Republic of Congo, will use the proceeds of the placement to help complete work at its open pit mine in Kinsevere near the city of Lubumbashi and its Kulu mine near Kolwezi.