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Anfield Energy Closes Private Placement
VANCOUVER, British Columbia, July 19, 2018 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V:AEC) (OTCQB:ANLDF) (FRANKFURT:0AD) (“Anfield” or “the Company”) is ple
About this update from Anfield Energy Inc
[{"type":"text","content":" VANCOUVER, British Columbia, July 19, 2018 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX.V:AEC) (OTCQB:ANLDF) (FRANKFURT:0AD) (“Anfield” or “the Company”) is pleased to announce that it has closed its non-brokered private placement through the issuance of 19,227,437 Units at a price of $0.20, for gross proceeds of $3,845,487.40. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of $0.40 for a period of five years. Finders’ fees to be paid consist of $53,715 and 264,775 warrants exercisable at $0.40 for a term of five years. The proceeds from the private placement will be used for both the development of the Anfield’s uranium and vanadium assets and general working capital. All securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period. The Company intends to submit final documentation to the TSX Venture Exchange later today in order to receive final regulatory approval for the placement. About Anfield Anfield is a uranium and vanadium development and near-term production company that is committed to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient growth in its assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (AEC-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two production centres, as summarized below: Wyoming – Irigaray ISR Processing Plant (Resin Processing Agreement) Anfield has signed a Resin Processing Agreement with Uranium One whereby Anfield would process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing plant in Wyoming. In addition, the Company can both buy and borrow uranium from Uranium One in order to fulfill some or all of its sales contracts. Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin, Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming. Anfield’s two projects in Wyoming for which NI 43-101 resource reports have been completed are Red Rim and Clarkson Hill. The Charlie Project, the asset which was the core component of a recently-announced transaction between Anfi...