About time for KK, SP, MN, Flats, et al to give some analysis of...

About time for KK, SP, MN, Flats, et al to give some analysis of this matter.

I think Bill has made the best of a desperate situation.

After all -- who would lend $200 million to a company that does not have its house in order?

This process - although somewhat negative short term - is a reasonable action in desperate times.

Those who are smart enought to accumulate in predictable buying opportunities soon will do well.
I believe! ------------------------------------------------------------------------->


Anvil Announces Terms of Equity OfferingANVIL MINING LTD AVM 4/16/2009 9:45:00 AMMONTREAL, Apr 16, 2009 (Canada NewsWire via COMTEX News Network) --
<< /NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TSX, ASX: AVM Common shares outstanding 71.2 million All amounts are expressed in US dollars, unless otherwise stated. >>

Anvil Mining Limited (TSX, ASX: AVM), ("Anvil" or the "Company"), announced today that in connection with its previously announced public offering (the "Offering") of Common Shares of the Company (the "Shares"), it has entered into an underwriting agreement with a syndicate of underwriters led by Paradigm Capital Inc. and BMO Capital Markets and including Raymond James Ltd. (collectively, the "Underwriters"). The Company and the Underwriters have agreed that the Company will issue 26,100,000 Shares at a price of C$1.15 per share for aggregate gross proceeds of C$30,015,000. The Shares are being offered by way of a short form prospectus in each of the provinces of Canada, other than Québec. Paradigm Capital Inc. and BMO Capital Markets have been appointed as joint book runners for the transaction.

The Underwriters have also been granted the option, exercisable in whole or in part, at any time up to 30 days after the closing of the Offering, to purchase up to an additional 3,915,000 Shares on the same terms and conditions as the Offering, exerciseable at any time, in whole or in part, up to 30 days from the closing of the Offering (the "Over Allotment Option"). If the Over Allotment Option is exercised in full, the total gross proceeds to Anvil will be C$34,517,250.

Anvil intends to use the net proceeds of the Offering to make pas de porte or entry premium payments aggregating US$15 million due to La Générale des Carrières et des Mines (Gécamines) in respect of Anvil's Kinsevere property and for general corporate purposes.

The Offering is scheduled to close on or about May 4, 2009 and is subject to certain customary conditions and regulatory approvals, including the approval of the Toronto Stock Exchange