As expected, snapped up like donuts at a cop convention.
Dear Stakeholder,
Anvil Mining Limited is pleased to announce that it has completed its previously announced brokered private placement and that the over-allotment option was fully exercised. The Company sold an aggregate of 5,240,000 special warrants at a price of C$5.25 each for gross proceeds of C$27,510,000, in a syndicated offering led by Haywood Securities Inc. and including Euroz Securities Ltd. and Canaccord Capital Corporation.
The Company intends to use the proceeds from the placement to fund its previously announced acquisition of an interest in the Mutoshi Joint Venture and to develop both the Mutoshi and the Kinsevere - Nambulwa Projects in the Democratic Republic of Congo (“DRC”), as well as for working capital purposes.
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