Deal will fund drilling, studies at Mayaniquel nickel laterite project
By Devika Patel
Knoxville, Tenn., Oct. 13 - Anfield Nickel Corp. said it will conduct a non-brokered private placement of stock.
The company will raise approximately C$23.1 million by selling about 6.16 million common shares at C$3.75 apiece, a 6.25% discount to the Oct. 12 closing share price of C$4.00.
Settlement is expected Nov. 3.
Proceeds will fund the exploration drill program and metallurgical and base line engineering studies at Anfield's Mayaniquel nickel laterite project in Guatemala and for general corporate purposes.
Anfield Nickel is a precious mineral exploration company based in Vancouver, B.C.
| Issuer: | Anfield Nickel Corp.
|
| Issue: | Common shares
|
| Amount: | C$23.1 million (approximate)
|
| Units: | 6.16 million (approximate)
|
| Price: | C$3.75
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 13
|
| Settlement date: | Nov. 3
|
| Stock symbol: | TSX Venture: ANF
|
| Stock price: | C$4.00 at close Oct. 13
|
| Market capitalization: | C$47.3 million
|
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