04:59:10 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Anfield Resources Inc
Symbol ARY
Shares Issued 80,554,751
Close 2017-02-17 C$ 0.105
Market Cap C$ 8,458,249
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Anfield Resources arranges $1.5M private placement

2017-02-21 09:18 ET - News Release

Mr. Corey Dias reports

ANFIELD RESOURCES INC. ANNOUNCES $1.5 MILLION PRIVATE PLACEMENT

Anfield Resources Inc. has arranged a fully subscribed, non-brokered private placement for 15 million units at 10 cents, for a total equity raise of $1.5-million. The unit consists of one common share and a one share purchase warrant, with each warrant exercisable at 20 cents for a two-year term. Finders' fees may be paid in certain instances. Finder fee terms are 7 per cent in cash and 7 per cent of the number of units placed in the form of finder warrants. Finder warrants are exercisable at 20 cents.

Corey Dias, Anfield's chief executive officer, stated: "We are excited to announce the closing of this financing. These funds will allow us to advance Anfield's current projects and seek out further acquisition opportunities while positioning the company to potentially uplist to the Toronto Stock Exchange senior exchange. We are very optimistic about the uranium market. The uranium spot price has seen an increase of over 45 per cent in less than four months. We believe that the continued pace in the building of nuclear reactors in places such as China, India and the United Arab Emirates will spur a continuing rally in uranium prices and entice both current and new producers to either maintain or expand their production efforts. Anfield aims to be a supply contributor once the uranium price reflects this reality."

The private placement is closed and the foregoing is subject to regulatory approval.

The proceeds of $1.5-million will be used for project development and general working capital purposes.

About Anfield Resources Inc.

Anfield is an energy metals 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 energy metals assets.

We seek Safe Harbor.

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