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Anvil Shareholders Approve
Transaction with
Trafigura Beheer B.V.
14 December, 2009
Montréal, Canada: Anvil Mining Limited (TSX, ASX: AVM), (“Anvil”
or the “Company”) is pleased to announce that at the special
meeting of shareholders held on December 11, 2009, the Anvil
shareholders approved the US$200 million debt and equity financing
transaction with Trafigura Beheer B.V. (“Trafigura”) which was
originally announced on August 10, 2009. As part of the resolution
passed at the meeting, Anvil’s shareholders approved the second
tranche of a US$100 million private placement to Trafigura, a loan
agreement among Anvil, certain of its subsidiaries and Trafigura
providing for a US$100 million total commitment by Trafigura, and
certain additional agreements among Anvil, certain of its
subsidiaries and Trafigura.
51,089,570 shares, representing 43.44% of the total number of
issued and outstanding Anvil
common shares were represented in person or by proxy at the
meeting, and votes on the
transaction resolution were cast by a show of hands. Of the
50,913,085 votes cast by proxy, representing 43.29% of the total
number of issued and outstanding Anvil common shares, 50,841,385
(99.86%) votes were in favour and 71,700 (0.14%) votes were
against. In accordance with the requirements of the TSX, 15,644,293
shares issued to Trafigura in the first tranche of the equity
financing were excluded from voting.
Anvil anticipates that the second tranche of the US$100 million
equity financing approved by
the Anvil shareholders will close on December 15, 2009 and that
the additional agreements,
consisting of a Loan Agreement, an Offtake Agreement for copper
produced at Kinsevere, an Ancillary Rights Agreement providing
Trafigura with certain ongoing rights and a Technical Services
Agreement relating to the development of Kinsevere Stage II, will
also come into effect at that time.
In addition to the equity financing, on December 15, 2009
Trafigura will make available to
the Company a loan facility with a total commitment of US$100
million, which will be
available for drawdown only after funds from the equity
financing have been utilised.
Anvil Mining Limited is a copper producer, whose shares are
listed for trading on the
Toronto Stock Exchange (as Common Shares) and the Australian
Securities Exchange (as
CDIs) under the symbol AVM.
Ends
For further information please contact:
Trafigura press office:
Tel: +44 207 009 1509
media@trafigura.com