Anatolia Energy to Raise up to A$6.2 Million

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Anatolia Energy Limited (Company or Anatolia) is pleased to announce that it has resolved to raise up to A$6.2 million to fund the next phase of work at its advanced Temrezli Uranium Project in Central Anatolia, Turkey.

Anatolia Energy

Anatolia Energy Ltd

The proceeds of the capital raising will enable the Company to continue to advance the Temrezli uranium project at a rapid pace

Anatolia Energy Limited (Company or Anatolia) is pleased to announce that it has resolved to raise up to A$6.2 million to fund the next phase of work at its advanced Temrezli Uranium Project in Central Anatolia, Turkey.

Anatolia has received firm commitments to raise up to $4.2 million through the placement of up to 52,500,000 new fully paid ordinary shares at an issue price of 8 cents per share to Institutional and/or Sophisticated Investors (Placement).

In addition to the Placement, Anatolia has executed a binding term sheet with one of its largest shareholders, Azarga Resources Limited (Azarga) pursuant to which the Company may raise up to a further A$2 million by way of two A$1.0 million conditional put options over fully paid ordinary shares in the Company at an issue price of 12 cents per share.

Proceeds from the Placement will be used to conduct further in-fill and step out drilling, initiate an Environmental Impact Assessment and complete a Pre-Feasibility Study on the Temrezli deposit (PFS).

Commenting on the capital raising, Anatolia’s Managing Director, Jim Graham, said:

“Following release of the positive Preliminary Economic Assessment in July, interest in the Company and the Temrezli uranium project by institutional and sophisticated investors has increased markedly, as demonstrated by the success of this Placement and the willingness of Azarga to provide up to a further $2 million at a strong premium of 50% to the issue price of the Placement.

The proceeds of the capital raising will enable the Company to continue to advance the Temrezli uranium project at a rapid pace by committing to a substantial program of work and further demonstrating the enormous potential of this project, whilst maintaining a critical path to a production decision.

We are very pleased to welcome our new institutional shareholders, and appreciate the continuing support of our existing shareholders.”

Placement

The Placement, undertaken by Lead Manager RFC Ambrian Limited, represents a 5.8% discount to the 30-day VWAP of A$0.0849, as of 13 September 2013.

The Placement is to be conducted in two tranches. The first tranche of 26,086,175 shares will utilise the Company's available 15% placement capacity under ASX Listing Rule 7.1 and will raise A$2.087 million. The second tranche of 26,413,825 shares will be issued subject to shareholder approval. A General Meeting (GM) will be convened as soon as possible to gain this approval.

Put Options

A binding term sheet has been executed between the Company and Azarga to enter into an equity put agreement to give the Company the right, at its discretion, to issue over 2 tranches, a total of 16,666,667 shares to Azarga at an issue price of 12 cents per share.

The agreed terms of the put options are as follows;

  •     Option expiry date -                    31 December 2014
  •     Maximum amount raised if fully exercised -    A$2,000,000
  •     Maximum number of Shares to be issued -    16,666,667
  •     Number of tranches -                    2, each of 50% of maximums
  •     Tranche 1 exercise date -                on or after 31 January 2014
  •     Tranche 2 exercise date -                on or after 31 March 2014

Conditions to be met by the Company before exercising the put option/s are as follows;

1.    Execution of formal equity put agreement, requiring;
i.    Regulatory approvals as necessary and appropriate;
ii.    Satisfactory legal review;

2.    Completion of the two previously planned hydrological pump tests scheduled for the fourth    
        quarter, 2013;

3.    Appointment of a firm to conduct the Pre-Feasibility Study;

4.    Appointment of a firm to conduct an Environmental Impact Assessment on the Temrezli
        deposit; and

5.    Completion of a minimum 6,000m drilling program on the Temrezli deposit.

ENDS

For further company information please contact:

North America                                                                
Anatolia Energy                                              
Jim Graham                                                          
Managing Director                                 
Tel: +1 720 479 8430                        

Australia    
Anatolia Energy
Lee Boyd
Company Secretary    
Tel: +61 8 6461 1365

Europe
Anatolia Energy    
Paul Cronin
Corporate Advisor    
Tel: +44 20 3961 5367

Email: admin(at)anatoliaenergy(dot)com(dot)au

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Emma Walton
emma.walton@anatoliaenergy.com.au
441451821800
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