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Anfield Resources says US Energy Corp now owns 19.2%

It comes after the latter received $2.5mln worth of shares in Anfield due to the sale of uranium assets,
Anfield Resources  says US Energy Corp now owns 19.2%
Pictured is uranium

Anfield Resources Inc (CVE:ARY), the energy-focused resource group, reported that U.S. Energy Corp now owns around 19.2% of the stock.

It comes after the latter received $2.5mln worth of shares in Anfield due to  sale of uranium assets, which was announced in August this year.

Payments for this sale were staged as three issues of Anfield shares, with the most recent and final $1mln consisting of over 24.9mln shares of Anfield.

Anfield said that U.S. Energy expects to use the holdings as collateral until being monetized and allocated toward development capital, as market conditions warrant.

U.S. Energy divested all remaining mining assets during 2016 and no longer has any mining related interests.

Anfield shares  fell 12.5% to C$0.035 in Toronto.

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Anfield Energy Inc. Timeline

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