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Anfield Announces Special Shareholder Meeting and Mailing of Related Documents in Pursuit of NASDAQ Listing
VANCOUVER, British Columbia, March 10, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V: AEC...
About this update from Anfield Energy Inc
[{"type":"text","content":"Anfield Announces Special Shareholder Meeting and Mailing of Related Documents in Pursuit of NASDAQ Listing\n\n\n\n VANCOUVER, British Columbia, March 10, 2025 (GLOBE NEWSWIRE) -- Anfield Energy Inc.\n \n (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD)\n \n (“Anfield” or “the Company”) announces that it has filed notice of a meeting of shareholders, a management information circular, and related documents (collectively, the “Meeting Materials”) to convene a special meeting (the “Meeting”) of shareholders. The Meeting will take place on March 31, 2025 at 10:00 AM (Vancouver Time). Copies of the Meeting Materials are available for review under the profile for the Company on SEDAR+ (www.sedarplus.ca) and on Anfield’s corporate website (https://anfieldenergy.com).\n \n\n The Meeting has been convened to seek shareholder approval for a consolidation (the “Consolidation”) of the Company’s common shares (“Shares”) on the basis of one new Share for up to 200 currently issued and outstanding Shares, or such lesser ratio as the directors may deem appropriate. The Company currently has 1,141,372,490 Shares outstanding and, if the Consolidation was completed at the maximum ratio, it would have approximately 5,706,862 Shares outstanding following completion.\n \n\n The Consolidation is being pursued as a necessary step to qualify for the listing of Anfield’s shares on The Nasdaq Stock Market LLC (“NASDAQ”). In addition to convening the Meeting and pursuing the Consolidation, Anfield has taken the following steps:\n \n\n 1) Engaged US counsel to prepare a US registration statement and NASDAQ listing application;\n \n\n 2) Directed Anfield’s auditors to both complete their audit of the Company’s 2024 financial statements and review the Company’s 2023 financial statements under US PCAOB standards; and\n \n\n 3) Directed the completion of technical reports for the Velvet-Wood, Slick Rock and West Slope projects under US SK 1300 standards.\n \n\n\n Corey Dias, Anfield’s CEO commented: “We are very pleased to advance our pursuit of a NASDAQ listing. Upon receiving approval from shareholders for the Consolidation, our aim is to complete the above steps within the next 30 days in order to advance our ap...