Deal funds prefeasibility study at Mayaniquel project, debt repayment
By Devika Patel
Knoxville, Tenn., Feb. 8 - Anfield Nickel Corp. said it will conduct a C$22 million private placement of stock. About C$7 million of the offering is being conducted through a syndicate of underwriters led by Raymond James Ltd. and including Canaccord Genuity Corp. and Salman Partners Inc., with the remaining C$15 million to be raised on a non-brokered basis.
The company will sell 5.2 million common shares at C$4.25 apiece. The price per share is a 7.61% discount to the Feb. 7 closing share price of C$4.60.
Lumina Capital LP will invest up to C$7.5 million.
Settlement is expected on Feb. 28.
Proceeds will be used to complete the prefeasibility study at the Mayaniquel nickel project, repay debt under a loan facility and for general corporate purposes.
Anfield Nickel is a precious mineral exploration company based in Vancouver, B.C.
| Issuer: | Anfield Nickel Corp.
|
| Issue: | Common stock
|
| Amount: | C$22 million
|
| Shares: | 5.2 million
|
| Price: | C$4.25
|
| Warrants: | No
|
| Underwriters: | Raymond James Ltd. (lead), Canaccord Genuity Corp. and Salman Partners Inc. (for C$7 million), non-brokered (for C$15 million)
|
| Investor: | Lumina Capital LP (for C$7.5 million)
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 28
|
| Stock symbol: | TSX Venture: ANF
|
| Stock price: | C$4.60 at close Feb. 7
|
| Market capitalization: | C$168.26 million
|
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