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UPDATE 1-Anatolia Minerals to raise C$49 mln in bought deal

Thu Oct 15, 2009 4:33pm EDT

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* Says to sell 20 mln shrs at C$2.45 apiece

Stocks  |  Global Markets  |  Turkey  |  Basic Materials

* Says to use proceeds to develop Copler project

Oct 15 (Reuters) - Canada's Anatolia Minerals Development Ltd (ANO.TO) said it would raise C$49 million ($47.43 million) in a bought deal financing for the development of its Copler gold project in Turkey.

The company said a syndicate of underwriters led by BMO Capital Markets has agreed to buy 20 million of its common shares at C$2.45 a share, which is a discount of 5 percent to the company's Wednesday close.

Anatolia has granted the underwriters an over-allotment option to buy up to an additional 15 percent of the shares purchased pursuant to the offering, the company said in a statement.

Shares of the company closed at C$2.58 Thursday on the Toronto Stock Exchange.

($1=1.033 Canadian Dollar) (Reporting by Koustav Samanta in Bangalore; Editing by Pradeep Kurup)



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