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Anfield Energy boosts private placement to C$3.5mln on the back of high demand

The company said proceed will be used for project development, property costs and general working capital.
Anfield Energy boosts private placement to C$3.5mln on the back of high demand
Anfield is a uranium and vanadium development company

Anfield Energy Inc. (CVE:AEC, OTCQB:ANLDF, FRANKFURT:0AD) announced today that it has boosted its non-brokered private placement to C$3.5mln.

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 17.5mln 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 finders' fees may be paid.

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