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Anfield Energy announces C$2.5mln private placement

The company said the private placement may be closed in tranches
Anfield Energy announces C$2.5mln private placement
Funds will be used to develop Anfield’s uranium and vanadium assets

Anfield Energy Inc. (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) announced today that it has arranged a non-brokered private placement to raise C$2.5mln in funds.

The company said funds will be used to develop Anfield’s uranium and vanadium assets, property costs and general working capital.

The company will issue 12.5mln units at a price of C$0.20. 

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 the private placement may be closed in tranches and finders' fees may be paid. 

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