Uranium Energy Corp Files Early Warning Report

About this update from Anfield Energy Inc

[{"type":"text","content":"\n \n \n \n Uranium Energy Corp Files Early Warning Report\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n June 8, 2022\n \n \n /CNW/ - Uranium Energy Corp (NYSE American: UEC) (the \"Company\" or \"UEC\") announces that it has filed an early warning report pursuant to National Instrument 62-103 –\n \n The Early Warning System and Related Take-Over Bid and Insider Reporting Issues\n \n for the purpose of reporting the acquisition of common shares (the \"\n \n Anfield Shares\n \n \") and common share purchase warrants (\"\n \n Anfield Warrants\n \n \") in the capital of Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF); (\n \n FRANKFURT\n \n : 0AD) (\"\n \n \n Anfield\n \n \n \").\n \n \n On\n \n June 7, 2022\n \n , UEC closed a series of transactions with\n \n Anfield\n \n pursuant to which\n \n Anfield\n \n settled approximately\n \n CAD$23.11 million\n \n (\n \n US$18.34 million\n \n ) of indebtedness (the \"\n \n Anfield Indebtedness\n \n \") owing to UEC (the \"\n \n Debt Settlement\n \n \"). The Anfield Indebtedness was settled through the payment of approximately\n \n CAD$11.55 million\n \n (\n \n US$9.17 million\n \n ) in cash plus the issuance to UEC of 96,272,918 units of\n \n Anfield\n \n (each, an \"\n \n Anfield Unit\n \n \"), which were issued at a deemed price of\n \n CAD$0.12\n \n \n (US$0.095)\n \n per Anfield Unit for an aggregate value of approximately\n \n CAD$11.55 million\n \n (\n \n US$9.17 million\n \n ). Each Anfield Unit is comprised of one Anfield Share (the \"\n \n Acquired Shares\n \n \") and one Anfield Warrant (each, an \"\n \n Acquired Warrant\n \n \" and together with the Acquired Shares, the \"\n \n Acquired Securities\n \n \"). Each Acquired Warrant entitles UEC to acquire one Anfield Share at a price of\n \n CAD$0.18\n \n per Anfield Share until\n \n May 12, 2027\n \n .\n \n \n Prior to the acquisition of the Acquired Shares, UEC did not own or control any Anfield Shares. As a result of the acquisition of the Acquired Shares, UEC currently holds 96,272,...

More updates from Anfield Energy Inc