American Natural Energy Corporation Announces Completion of Unsecured Convertible Debentures Financing

Wed Jan 9, 2013 12:18am EST

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TULSA, Okla.,  Jan. 9, 2013  /PRNewswire/ -- American Natural Energy Corporation
("ANEC") (TSX Venture:ANR.U) announced that it has completed the previously
announced Unsecured Convertible Debenture financing with the sale of  an
additional  $1 million  debenture to the private investor group effective 
December 31, 2012.  The debenture is due and payable in two years. Interest is
payable  quarterly at an equivalent rate of 12% per annum in either cash or
common shares, and the debenture is convertible into shares of ANEC common stock
at a conversion rate of  US$0.10  per share. The proceeds from the financing are
to be used in the drilling and completion of the DSCI 152 well, which was
included in ANEC's inventory of Proved Undeveloped reserves ("PUD"), to install
flowlines and to place into service the DSCI 152 and recently completed DSCI 15
well. Additionally, ANEC's PUDs include 10 additional locations on its Bayou
Couba project in  St. Charles Parish, Louisiana  with potential reserves in
excess of 2 million net barrels of oil.

Warrants, expiring in two years were also issued and will be exercisable into 10
million common shares at  US$0.23  per share. The warrants are non-transferable.

Holdings by the investment group, including conversion of shares and exercise of
warrants is limited to 19.9% of the outstanding shares of ANEC without the
approval of a majority of the outstanding existing shareholders Approval for the
conversion and exercise of the warrants is included in proposals to the
Shareholders being voted on in the Annual Shareholders meeting scheduled for 
January 11, 2013.

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

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.
 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. 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

SOURCE  American Natural Energy Corporation

AMERICAN NATURAL ENERGY CORPORATION, 6100 South Yale, Suite 2010, Tulsa,
Oklahoma 74136, Tel: +1-918-481-1440 Fax: +1-918-481-1473
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