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Published on 12/23/2004 in the Prospect News PIPE Daily.

New Issue: Anderson Energy closes C$24 million private placement of shares

By Sheri Kasprzak

Atlanta, Dec. 23 - Anderson Energy Ltd. said it raised C$24 million in a private placement.

Anderson sold 3.3 million shares at C$5.50 each and 900,000 flow-through shares at C$6.90 each.

The company's management, directors and employees bought C$2.5 million of the offering.

Tristone Capital Inc. and FirstEnergy Capital Corp. were the placement agents in the deal.

Based in Calgary, Alta., Anderson is an oil and natural gas exploration and development company.

Issuer:Anderson Energy Ltd.
Issue:Stock
Amount:C$24 million
Placement agents:Tristone Capital Inc. and FirstEnergy Capital Corp.
Settlement date:Dec. 23
Common shares
Issue:Common shares
Shares:3.3 million
Price:C$5.50
Warrants:No
Flow-through shares
Issue:Flow-through shares
Shares:900,000
Price:C$6.90
Warrants:No

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