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Message: Oct 29/10 ANGLO CANADIAN OIL INCREASES FINANCING

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Oct 29/10 ANGLO CANADIAN OIL INCREASES FINANCING

posted on Nov 22, 10 10:41PM

ANGLO CANADIAN OIL INCREASES FINANCING

October 29, 2010 – Calgary, Alberta – Anglo Canadian Oil Corp. ("Anglo" or the "Corporation") is pleased to announce that it has increased the unit offering of its previously announced brokered private placement detailed in its press release issued October 28, 2010 with a syndicate of agents co-led by PI Financial Corp. and Mackie Research Capital Corporation and including Octagon Capital Corporation.

Anglo will now issue up to 19,047,700 units at a price of $0.21 per unit, for aggregate gross proceeds of up to approximately $9 million. In all other respects the terms of the financing including the flow-through shares being offered, the terms of the units and the use of proceeds will remain as previously disclosed in the earlier press release.

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Nordegg Resource Study June 2010
At the request of Anglo Canadian Oil Corp. (“Anglo Canadian”), AJM Petroleum Consultants (“AJM”) has carried out an oil resource study of the Nordegg Member over their land holdings in Grande Prai... read more
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On: August 01, 2010
URL: http://anglo..._30_2010.pdf

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