Anvil Mining Limited and Catala Global Limited announce definitive Subscription Agreement for private placement

Anvil Mining Limited and Catala Global Limited ("Catala") announced today that they have entered into a definitive Subscription Agreement for a private placement. Due to the significant deterioration in market conditions for resource companies since the original announcement of the placement on July 10, 2008, the subscription price per share has been reduced from C$12.50 to C$10.00 per share (with a corresponding reduction in the gross proceeds). The issue price of C$10.00 represents a premium of 39% to the closing price of C$7.21 for Anvil's Common Shares on the Toronto Stock Exchange on August 22, 2008. read more

Source: Anvil Mining Limited