American Natural Energy Corporation Announces Issuance of Shares of Common Stock
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TULSA, Okla., July 30 /PRNewswire-FirstCall/ -- American Natural Energy
Corporation ("ANEC") (TSX Venture: ANR.U) announced today that during the
period subsequent to July 28, 2009, it has sold an additional 12,666,668
shares of its common stock to complete its private placement financing.
Together with the sale of 53,999,998 shares of its common stock previously
announced, ANEC sold a total of 66,666,666 shares for an aggregate cash
consideration of $2 million in the private placement financing.
ANEC paid finder's fees to two finders in the subsequent period in the
aggregate amount of $23,040 in cash and 1,280,000 share purchase warrants of
ANEC, each such warrant exercisable into one share of common stock of ANEC for
a period of one year at a price of $0.05 per share.
The securities were issued in reliance upon the exemption from the
registration requirements of the US Securities Act of 1933, as amended (the
"Act"), afforded by Regulation D and Section 4(2) and pursuant to Regulation S
under the Act. The securities may not be reoffered or resold by the
purchasers absent registration under the Act or an applicable exemption from
the registration requirements of the Act. In addition, the securities are
subject to a hold period and, subject to compliance with the requirements of
the Act, may not be traded until November 29, 2009, except as permitted by
Canadian securities legislation and the TSX Venture Exchange.
ANEC is a Tulsa, Oklahoma based independent exploration and production company
with operations in St. Charles Parish, Louisiana. For further information
please contact Michael Paulk, CEO at 918-481-1440 or Steven P. Ensz, CFO at
281-367-5588.
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Paulk"
-------------------------
Michael Paulk
President & CEO
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.
This Press Release may contain statements which constitute forward-looking
statements within the meaning of the US Private Securities Litigation Reform
Act of 1995, including statements regarding the plans, intentions, beliefs and
current expectations of ANEC, its directors, or its officers with respect to
the future business, well drilling and operating activities and performance of
ANEC. Forward-looking statements also include the intended use of proceeds.
Investors are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and uncertainties. The
actual results and outcome of events may differ materially from those in the
forward-looking statements as a result of various factors. The levels of and
fluctuations in the prices for natural gas and oil and the demand for those
commodities, the outcome of ANEC's development and exploration activities,
including the success of its current and proposed well drilling activities and
the availability of capital to pursue those activities could affect ANEC and
its future prospects. ANEC's inability to raise additional capital would
adversely affect its ability to pursue its drilling program and its liquidity.
Important additional factors that could cause such differences are described
in ANEC's periodic reports and other filings made with the Securities and
Exchange Commission and may be viewed at the Commission's Website at
http://www.sec.gov.
SOURCE American Natural Energy Corporation
Michael Paulk, CEO, +1-918-481-1440, or Steven P. Ensz, CFO, +1-281-367-5588,
both of American Natural Energy Corporation
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