Deal pays off debt vis-a-vis $4.5 million processing plant acquisition
By Devika Patel
Knoxville, Tenn., May 10 – Anfield Nickel Corp. said it changed its name to Anfield Gold Corp. and will conduct a C$25 million non-brokered private placement of stock.
The company will sell 30,487,804 common shares at C$0.82 apiece. The price per share is an 11.83% discount to the May 9 closing share price of C$0.93.
Proceeds will be used to pay off debt owed to Reinarda Mineracao Ltd. in connection with the company’s completed $4.5 million acquisition of a gold processing plant, associated equipment and mining fleet at the Andorinhas mine. The remainder of the proceeds will be used for repayment of other company debt, a feasibility study on the Coringa project, development of the Coringa project and general working capital purposes.
Anfield Nickel is a precious mineral exploration company based in Vancouver, B.C.
| Issuer: | Anfield Gold Corp.
|
| Issue: | Common stock
|
| Amount: | C$25 million
|
| Shares: | 30,487,804
|
| Price: | C$0.82
|
| Warrants: | No
|
| Underwriters: | Non-brokered
|
| Pricing date: | May 10
|
| Stock symbol: | TSX Venture: ANF
|
| Stock price: | C$0.93 at close May 9
|
| Market capitalization: | C$40.36 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
