Anatolia Engages Project Finance Advisor.TORONTO -- Cutfield Freeman & Co. selected to advise Anatolia on financing options for Copler Gold Project. Project financing Project financing A form of asset-based financing in which a firm finances a discrete set of assets on a stand-alone basis. planned to occur in 2006. Anatolia Minerals Development Limited ("Anatolia")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :ANO Noun 1. ANO - a Palestinian international terrorist organization that split from the PLO in 1974; has conducted terrorist attacks in 20 countries; "in the 1980s the Fatah-RC was considered the most dangerous and murderous Palestinian terror group" ) announced today that Cutfield Freeman & Co Limited ("CF&Co") has been engaged to advise on and assist in arranging and negotiating project financing for Anatolia's 100% owned Copler Gold Project in Turkey. CF&Co is an independent corporate finance advisory firm based in London that specializes in the mining and metal processing sector. CF&Co will advise and assist Anatolia in developing a financial strategy for project financing of the Copler Gold Project. Initial work will include assessing the potential amount, structure and prospective sources of project financing, to be followed by assisting Anatolia to secure funding for the Copler Gold Project. CF&Co's role will also include advising on the appointment of an independent engineering firm, the financing elements of the construction contract and the syndicate of financial institutions for the debt component of the project financing. Anatolia has been exploring in Turkey since 1996. In January 2004, Anatolia obtained 100% interest in the 5.4-million ounce gold resource at Copler (of which 3.8 million ounces are measured and indicated). Anatolia is nearing completion of the feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. and aims to reach a production decision for the shallow, leachable, 1.8 million ounces of measured and indicated oxide resources at Copler by mid-2006. The Company controls some 1.0 million hectares within Turkey, including four properties currently under joint exploration with Rio Tinto Rio Tinto may refer to:
Anatolia currently has 58.2 million common shares issued and outstanding, 70.2 million fully diluted. Anatolia trades on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. as ANO. This news release may contain forward-looking statements in respect of various matters including upcoming work programs and events. The results or events predicted in these forward-looking statements may differ materially from actual results or events. Anatolia disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Assays are performed by OMAC OMAC Open Modular Architecture Control(ler) OMAC One-Key CBC Mac OMAC One Man Army Corps OMAC Observational Metahuman Activity Construct OMAC Ocala Municipal Arts Commission (Florida) Laboratories, Ireland, and ALS-Chemex, Vancouver, BC, Canada, with quality control of sampling, preparation and assaying overseen by Anatolia, whose President, Richard C. Moores, is a "qualified person" for the purposes of applicable Canadian securities regulations Canadian securities regulation is managed through laws and agencies established by Canada's 13 provincial and territorial governments. Each province and territory has a securities commission or equivalent authority. . Anatolia Minerals Development Limited (TSX:ANO) |
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