Anfield Energy Inc. (TSX-V:AEC, OTCQB:ANLDF) is heading into the second half of 2023 with an additional C$4.5 million in the bank to advance its uranium assets.
The company announced it had completed a brokered private placement, raising gross proceeds of C$4,500,100 through the issuance of 81,820,000 units of the company at a price of C$0.055 per unit.
Anfield's management and directors subscribed for 9,080,000 units, contributing $499,400 to the total proceeds.
Each unit consists of one common share and one-half of a share purchase warrant, with each whole warrant entitling the holder to purchase an additional share at an exercise price of C$0.085 until July 10, 2025.
The Vancouver-based firm said it plans to use the proceeds from the offering to advance its uranium and vanadium assets in the United States, as well as for general corporate purposes and the anticipated acquisition of the Marquez-Juan Tafoya uranium project in New Mexico.
Haywood Securities led a syndicate of agents that facilitated the offering, including Red Cloud Securities. In exchange for their services, the agents received a cash commission of $255,024 and compensation options allowing them to purchase 4,636,800 common shares at a price of $0.055 per share until July 10, 2025.
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