Deal develops Coringa Gold Project, finances working capital purposes
By Devika Patel
Knoxville, Tenn., Aug. 22 – Anfield Gold Corp. said it has arranged a C$30 million non-brokered private placement of stock.
The company will sell 22,222,222 common shares at C$1.35 apiece. The price per share is a 6.9% discount to the Aug. 19 closing share price of C$1.45 and is also an 18% discount to the 20-day volume-weighted average price, the company said in a press release.
Proceeds will be used for development of Anfield's Coringa Gold Project and general working capital purposes.
Anfield is a gold exploration company based in Vancouver, B.C.
| Issuer: | Anfield Gold Corp.
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| Issue: | Common stock
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| Amount: | C$30 million
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| Shares: | 22,222,222
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| Price: | C$1.35
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| Warrants: | No
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| Underwriters: | Non-brokered
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| Pricing date: | Aug. 22
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| Stock symbol: | TSX Venture: ANF
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| Stock price: | C$1.45 at close Aug. 19
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| Market capitalization: | C$62.06 million
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