Business
Anfield Resources Inc. Announces $1,000,050 Private Placements
(via Thenewswire.ca) VANCOUVER, BRITISH COLUMBI A / The Newswire / August 20 th ...
About this update from Anfield Energy Inc
[{"type":"text","content":"Anfield Resources Inc. Announces $1,000,050 Private Placements(via Thenewswire.ca)\n\n \nVANCOUVER, BRITISH COLUMBIA / The Newswire / August 20th, 2015 - Anfield Resources Inc. (TSX.V: ARY) (FRANKFURT: 0AD)(\"Anfield\" or \"the Company\") is pleased to announce that it has raised $1,050,000 through a combination of a non-brokered, fully-subscribed, private placement of $500,000 secured convertible debentures at an interest rate of 15%, and an amended, fully-subscribed, non-brokered private placement of $550,000. The combined proceeds will be utilized for both expenditures in relation to the Uranium One acquisition and general working capital purposes. \n\n\n \nCorey Dias, CEO of Anfield, stated, \"With the arrangement of these financings the Company has now met the financial condition to closing the Asset Purchase Agreement with Uranium One for the acquisition of the Shootaring Canyon uranium mill and Uranium One's conventional U.S. uranium assets.\"\n\n\n \nThe principal amount of the convertible debenture is convertible into common stock of the Company at the option of the subscriber, in whole or in part, at any time during the one-year term to units at a price of $0.12 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.15 for a period of 12 months from the date of issuance of the debenture. Finders fees in accordance with TSX policy will be paid in connection with the debenture financing.\n\n\n \nIn addition, Anfield announces that it has amended the non-brokered private placement previously announced on July 9, 2015. 5,500,000 units will be issued at a price of $0.10 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.15 for a period of 24 months. Finder's fees may be paid in certain instances.\n\n\n \nThe foregoing is subject to regulatory approval.\n\n\n \nOn behalf of the Board of Directors\n\n\n \nANFIELD RESOURCES INC.\n\n\n \nCorey Dias, Chief Executive Officer\n\n \n \nNeither 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.\n\n\n \...