Proactive Investors - Run By Investors For Investors

Anfield Energy closes oversubscribed placement; raises C$3.8mln

The company said the funds will be used for both the development of the Anfield’s uranium and vanadium assets and general working capital.
Anfield Energy closes oversubscribed placement; raises C$3.8mln
Anfield is a uranium and vanadium development and near-term production company

Anfield Energy Inc. (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) announced today that is has closed its oversubscribed non-brokered private placement, raising more than C3.8mln. 

The company issued 19.2mln units at a price of C$0.20, raising C$3.84mln.

The company said the funds will be used for both the development of the Anfield’s uranium and vanadium assets and general working capital.

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 C$0.40 for a period of five years.

The company said all securities issued in connection with the private placement are subject to a four-month-and-one-day statutory hold period.

 

View full AEC profile View Profile

Anfield Energy Inc. Timeline

Related Articles

oil well
July 01 2019
Company has production and exploration interests in shale licences in the US and Australia
1548047910_757z468_1543882077_Carnarvon-noble-tom-prosser.jpg
January 21 2019
The company aims to expand its portfolio of hydrocarbon resources as it prepares oil and gas projects for production and continues its regional exploration work.
North Sea
May 08 2019
Operator Equinor is analysing all the data to assess options at Verbier and the rest of the licence
Copyright © Proactiveinvestors.com, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use