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  • The placement has been raised to 50,0000,000 units at a price of $0.085 per unit, for a total equity raise of up to $4,250,000
  • Red Cloud Securities, Inc. is acting as a finder
  • Net proceeds will be used for the development of several projects
  • Anfield is a uranium and vanadium development and near-term production company
  • Anfield Energy Inc. (AEC) is down 4.55 per cent, trading at C$0.105 per share at 3 pm ET

Anfield Energy (AEC) has increased the size of its non-brokered private placement.

The placement has been raised to 50,0000,000 units at a price of $0.085 per unit, for a total equity raise of up to $4,250,000.

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 $0.13 for a period of 24 months.

Red Cloud Securities, Inc. is acting as a finder.

The private placement may be closed in tranches. Finders’ fees may be paid in certain circumstances.

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.

Net proceeds will be used for the development of the West Slope vanadium/uranium properties, the Charlie Project and other Wyoming-based ISR projects, the Newsboy Gold Project, property-related costs, and general working capital.

Anfield is a uranium and vanadium development and near-term production company.

Anfield Energy Inc. (AEC) is down 4.55 per cent, trading at C$0.105 per share at 3 pm ET.

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