Anatolia Minerals greenshoe exercised, raising 4.75% convertibles to C$100 million

By Angela McDaniels

Seattle, April 25 - Anatolia Minerals Development Ltd. said the underwriters of its offering of 4.75% convertible senior unsecured debentures due 2012 exercised their C$10 million over-allotment option in full, raising the size of the deal to C$100 million.

The company priced C$90 million of the debentures at par with an initial conversion premium of 33.3% on April 2 via RBC Capital Markets, BMO Capital Markets, Dundee Securities Corp., Haywood Securities Inc. and National Bank Financial Inc.

The debentures are convertible into Anatolia's Toronto-listed common stock at an initial conversion price of C$8 per share.

Anatolia, a Lakewood, Colo.-based gold, silver, copper and zinc mining company with projects in Turkey, said the proceeds of the deal will be used to develop its Copler project, for working capital and for general corporate purposes.

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