American Natural Energy Corporation Announces Capital Raise

    



    
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<p><location>TULSA</location>, Okla., <chron>Dec. 14</chron> /CNW/ -- American Natural Energy Corporation ("ANEC") (TSX Venture: ANR.U) announced that it intends to seek to raise additional capital, subject to TSX Venture Exchange approval, proposed to be used for working capital and general corporate purposes.  The terms of such transaction will involve the sale of up to 20 million shares of ANEC's Common Stock at a price of USD$0.05 per share or total proceeds of up to <money>$1.0 million</money>.  If completed, such a transaction will result in dilution to the present holders of ANEC's Common Stock.  The offer and sale of such securities by ANEC to the subscribers has not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Act"), and such securities may not be offered or sold in the <location>United States</location> absent registration under the Act or an available exemption from the registration requirements. Such offer and sale of its securities is intended to be made pursuant to the exemption from the registration requirements of the U.S. Securities Act afforded by Regulation D and in reliance upon Regulation S under that Act and will result in the issuance of "restricted securities" as defined in Rule 144 under the Act.  There can be no assurance that ANEC will be successful in raising the additional capital through the sale of its Common Stock.</p>
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<p>ANEC is a <location>Tulsa</location>, Oklahoma based independent exploration and production company with operations in St. <person>Charles Parish</person>, Louisiana.  For further information please contact <person>Michael Paulk</person>, CEO at 918-481-1440 or Steven P. Ensz, CFO at 281-367-5588.</p>
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<p>Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</p>
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<p>This press release includes "forward-looking statements" including forecasts, estimates, expectations and objectives that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of ANEC. Statements regarding financings are subject to all of the risks and uncertainties normally incident to fundraising by public companies. These risks include, but are not limited to, market conditions and regulatory changes. Investors are cautioned that any such statements are not guarantees of future performance or events and that actual results or developments may differ materially from those projected in the forward-looking statements. Such forward-looking information represents management's best judgment based on information currently available. ANEC does not assume the obligation to update any forward-looking statement, except as required by applicable law.</p>
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<p>Also, this Press Release may contain statements which constitute forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995, including statements regarding the plans, intentions, beliefs and current expectations of ANEC, its directors, or its officers with respect to the future business, well drilling and operating activities and performance of ANEC. Forward-looking statements also include the plans and intentions of ANEC to offer and sell shares of its Common Stock and its ability to complete such a transaction. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The actual results and outcome of events may differ materially from those in the forward-looking statements as a result of various factors.  The levels of and fluctuations in the prices for natural gas and oil and the demand for those commodities, the outcome of ANEC's development and exploration activities, including the success of its current and proposed well drilling activities and the availability of capital to pursue those activities could affect ANEC and its future prospects. ANEC's inability to raise additional capital would adversely affect its ability to pursue its drilling program and its liquidity.  Important additional factors that could cause such differences are described in ANEC's periodic reports and other filings made with the Securities and Exchange Commission and may be viewed at the Commission's Website at <a href="http://www.sec.gov">http://www.sec.gov</a>.</p>
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For further information: Michael Paulk, CEO, [phone]; or Steven P. Ensz, CFO, [phone], both of American Natural Energy Corporation Web Site: www.annrg.com