Anfield Energy Inc (OTCMKTS:ANLDF) (CVE:AEC) has arranged a non-brokered private placing to raise $2 million.
Proceeds will be used for the development of the Charlie project in Wyoming, property costs and general working capital.
The firm will issue 10 million units at $0.20 each, with each unit consisting of one share and purchase warrant, which entitles the bearer to buy a further share for $0.30 for three years.