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 rig
November 19 2018
The core of the portfolio is in the East Midlands Basin, which includes the Wressle-1 oil discovery, a share of production from the Keddington oil field and a raft of drill-ready exploration and appraisal targets
oil and gas operations
September 14 2018
In the longer term exploration drilling will tell, nonetheless, a near 3bn barrel 'pre-drill' resource is certainly attractive for speculative investors
oil and gas operations
December 04 2018
Farm-out deals and new opportunities are anticipated over the coming months

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

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