/NOT FOR DISSEMINATION IN THE UNITED STATES. A FAILURE TO COMPLY WITH
THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./
CALGARY, July 19, 2012 /CNW/ - Anatolia Energy Corp. (the "Company" or
"Anatolia") (TSX-V: AEE) is pleased to announce that today it closed an
aggregate of $6.9 million pursuant to its short form prospectus
offering (the "Offering") of units (the "Units") at a price of $0.10
per Unit. Pursuant to the Offering, the Company issued 69,000,000
Units, including 9,000,000 Units pursuant to the full exercise of the
agents' option. Each Unit is comprised of one common share (the "Common
Shares") and one Common Share purchase warrant (the "Warrants"). Each
Warrant has a term of 36 months from the closing (the "Closing") of the
Offering and is exercisable at $0.15 per Common Share.
If at any time after the Closing of the Offering, the volume weighted
average trading price of the Common Shares of the Company is greater
than $0.45 per share for 30 consecutive trading days, the Company may
give written notice to warrant holders that the Warrants will expire 30
calendar days after the date of such notice.
The Offering was conducted on a best-efforts agency basis, with Mackie
Research Capital Corporation acting as lead agent and including Toll
Cross Securities Inc., Cormark Securities Inc. and Haywood Securities
Inc. (collectively, the "Agents").
In consideration for their services, the Agents received a cash
commission of 7% of the gross proceeds from the Offering and
compensation options to acquire 5% of the total number of Units sold in
connection with the Offering, exercisable into Units up to 18 months
from Closing at $0.10 per Unit.
Upon completion of the Offering, the Company has 131,058,930 Common
Shares issued and outstanding.
The Company intends to use the net proceeds from the Offering to advance
its shale development and exploration activities on its Turkish
licences, and for general corporate and working capital purposes.
This press release shall not constitute an offer of securities for sale
in the United States. The securities referred to in this press release
have not been, nor will be, registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an exemption from
About Anatolia Energy Corp.
Anatolia is an international oil and gas company engaged in the
exploration and development of oil and gas assets in Turkey. Anatolia
has the right, pursuant to its joint venture agreements with Çalık
Enerji San. ve Tic. AŞ., the wholly-owned oil and gas subsidiary of the
large Turkish conglomerate Çalık Holding A.Ş., to earn working
interests between 25% and 50% in two development licences and working
interests of 50% in nine exploration licences covering 1,162,856 gross
acres of land in Turkey's proven Southeastern oil basin. Anatolia is
focused on four play types in Turkey namely the Silurian Dadas shale
oil trend, Paleozoic Bedinan sand trend, Cretaceous Mardin strike slip
trend and Garzan reef trend. The Dadas formation in southeast Turkey
is an extension of the prolific Silurian source rocks of the Middle
Certain information included in this press release constitutes
forward-looking information under applicable securities legislation.
Such forward-looking information is provided for the purpose of
providing information about management's current expectations and plans
relating to the future. Readers are cautioned that reliance on such
information may not be appropriate for other purposes, such as making
investment decisions. Forward-looking information typically contains
statements with words such as "anticipate", "believe", "expect",
"plan", "intend", "estimate", "propose", "project" or similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information in this press release may include, but is
not limited to, information with respect to: ultimate economic
viability of the Dadas Shale, operational decisions and the timing
thereof, and timing for drilling and exploration plans on the
properties of Anatolia. Forward-looking information is based on a
number of factors and assumptions which have been used to develop such
information but which may prove to be incorrect. Although Anatolia
believes that the expectations reflected in such forward-looking
information is reasonable, undue reliance should not be placed on
forward-looking information because Anatolia can give no assurance that
such expectations will prove to be correct. Readers are cautioned that
the foregoing list is not exhaustive of all factors and assumptions
which have been used. Anatolia undertakes no obligation to update
forward-looking statements if circumstances or management's estimates
or opinions should change, unless required by law. For further
information on the Company and the risks associated with its business,
please see the Company's AIF dated June 4, 2012, which is available on
SEDAR. The reader is cautioned not to place undue reliance on this
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.