Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT:
0AD) (“
Anfield” or the
“
Company”) is pleased to announce that it has
entered into an agreement with Haywood Securities Inc., on behalf
of a syndicate of agents (collectively, the
“
Agents”), who have agreed to sell, on a
commercially reasonable efforts private placement basis, 90,909,090
units of the Company (“
Units”) at a price of
C$0.055 per Unit (the “
Offering Price”), for
aggregate gross proceeds of C$4,999,999.95 (the
“
Offering”). Each Unit will be comprised of one
common share in the capital of the Company (a
“
Share”) plus one-half of one Share purchase
warrant (each whole such warrant, a “
Warrant”).
Each Warrant will entitle the holder thereof to purchase one Share
(a “
Warrant Share”) at an exercise price of
C$0.085 for 24 months following the completion of the Offering.
The Units to be issued under the Offering will
be offered to purchasers pursuant to the listed issuer financing
exemption (“LIFE Exemption”) under Part 5A of NI
45-106, and will not be subject to resale restrictions pursuant to
applicable Canadian securities laws.
There is an offering document related to the
Offering that can be accessed under the Company’s profile on SEDAR
at www.sedar.com and on the Company’s website at
www.anfieldenergy.com. Prospective investors should read this
offering document before making an investment decision.
The Company plans to use the net proceeds from
the Offering to fund the advancement of the Company’s uranium and
vanadium assets in the United States, and for general corporate
purposes including the acquisition of the Marquez-Juan Tafoya
uranium project in New Mexico (as previously announced by the
Company on June 6, 2023). The Offering is scheduled to close on or
about July 6, 2023 (the “Closing Date”) and is
subject to certain conditions customary for transactions of this
nature including, but not limited to, the receipt of necessary
regulatory approvals, including the approval of the TSX Venture
Exchange. The Company has agreed to pay the Agents a cash
commission of 6% of the gross proceeds raised under the Offering
and will issue to the Agents that number of compensation options
(“Compensation Options”) equal to 6% of the Units
issued under the Offering, with each Compensation Option
exercisable into one Share at an exercise price equal to the
Offering Price for a period of 24 months.
The securities to be offered pursuant to the
Offering have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the “U.S. Securities
Act”) or any U.S. state securities laws, and may not be
offered or sold in the United States or to, or for the account or
benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in the United States, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
About Anfield
Anfield is a uranium and vanadium 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 assets. Anfield is a publicly
traded corporation listed on the TSX-Venture Exchange (AEC-V), the
OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD).
Anfield is focused on its conventional asset centre, as summarized
below:
Arizona/Utah/Colorado – Shootaring Canyon
Mill
A key asset in Anfield’s portfolio is the
Shootaring Canyon Mill in Garfield County, Utah. The Shootaring
Canyon Mill is strategically located within one of the historically
most prolific uranium production areas in the United States, and is
one of only three licensed uranium mills in the United States.
Anfield’s conventional uranium assets consist of
mining claims and state leases in southeastern Utah, Colorado, and
Arizona, targeting areas where past uranium mining or prospecting
occurred. Anfield’s conventional uranium assets include the
Velvet-Wood Project, the Slick Rock Project, the West Slope
Project, the Frank M Uranium Project, as well as the Findlay Tank
breccia pipe. A combined NI 43-101 PEA has been completed for the
Velvet-Wood and Slick Rock Projects. The PEA is preliminary in
nature, and includes inferred mineral resources that are considered
too speculative geologically to have economic considerations
applied to them that would enable them to be categorized as mineral
reserves and, resultantly, there is no certainty that the included
preliminary economic assessment would be realized. All conventional
uranium assets are situated within a 200-mile radius of the
Shootaring Mill.
On behalf of the Board of DirectorsANFIELD
ENERGY INC.Corey Dias, Chief Executive Officer
Neither the 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.
Contact:Anfield Energy Inc.Clive MostertCorporate
Communications780-920-5044contact@anfieldenergy.com
www.anfieldenergy.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING
STATEMENTS”. STATEMENTS IN THIS NEWS RELEASE THAT ARE NOT PURELY
HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY
STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS
REGARDING THE FUTURE.
EXCEPT FOR ANY HISTORICAL INFORMATION PRESENTED
HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN
FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY
FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR
IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL
FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR
THAT INCLUDE SUCH WORDS AS “ESTIMATE,” “ANTICIPATE,” “BELIEVE,”
“PLAN” OR “EXPECT” OR SIMILAR STATEMENTS ARE FORWARD-LOOKING
STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT
ARE NOT LIMITED TO, STATEMENTS OR INFORMATION RELATED TO THE SIZE
OF THE OFFERING, THE USE OF PROCEEDS FROM THE OFFERING, THE
ANTICIPATED CLOSING DATE, THE RECEIPT OF REGULATORY APPROVALS FOR
THE OFFERING, THE RISKS ASSOCIATED WITH MINERAL EXPLORATION AND
FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY’S MOST RECENT
ANNUAL AND QUARTERLY REPORTS AND FROM TIME-TO-TIME IN OTHER
PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS
INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS,
COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND
DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY’S EXPLORATION EFFORTS WILL SUCCEED OR THE COMPANY WILL
ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING
STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE
COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD
DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS.
ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS
AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE
CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR
INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL
OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE
RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM
TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY
MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS
CONTENTS.
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