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Anfield Energy Increases Private Placement to $3,500,000
VANCOUVER, British Columbia, July 12, 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 12, 2018 (GLOBE NEWSWIRE) -- Anfield Energy Inc. (TSX-V:AEC) (OTCQB:ANLDF) (FRANKFURT:0AD) (“Anfield” or “the Company”) is pleased to announce that it has increased its previously-announced non-brokered private placement to 17,500,000 Units at a price of $0.20, for a total equity raise of $3,500,000. 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. The Exchange has granted Anfield a 10-day extension in order to complete the financing. Finders’ fees may be paid in certain circumstances. The proceeds from the private placement will be used for the development of the Charlie Project (see below), property costs, and general working capital. 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 Anfield and Cotter Corporation, is located in the Pumpkin Buttes Uranium District in Johnson County, Wyoming. The Charlie Project consists of a 720-acre Wyoming State uranium lease which has been in development since 1969. Arizona/Utah – Shootaring Canyon Mill A key asset ...