Anfield Energy Inc. (TSX.V: AEC) (OTCQB: ANLDF) announced that it will conduct a non-brokered private placement for up to 40,000,000 Units at a price of $0.065 per Unit, for a total equity raise of up to $2,600,000 (“the Offering”). 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 $0.10 for a period of twenty-four (24) months.
Finders’ fees may be paid in certain circumstances. The foregoing is subject to regulatory approval. All securities to be issued in connection with the private placement will be subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws.
The proceeds from the private placement will be used for the funding of the Company’s Radioactive Materials License restart application with the State of Utah, drill program permitting costs for both the Slick Rock and Velvet-Wood mines, acquisitions and general working capital.
Anfield Energy is a market awareness client of Capital 10X.
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