Deal sells 4,347,826 units of one share, one warrant at C$0.23 each
By Devika Patel
Knoxville, Tenn., Aug. 24 – Anfield Resources Inc. said it arranged a C$1 million non-brokered private placement of units. The deal is fully allocated.
The company will sell 4,347,826 units of one common share and one warrant at C$0.23 per unit.
Each warrant is exercisable at C$0.40 for two years. The strike price reflects a 66.67% premium to the Aug. 23 closing share price of C$0.24.
Proceeds will be used for growing and developing the company’s holdings and for general corporate expenses.
The Vancouver, B.C., resource company owns a portfolio of uranium assets.
| Issuer: | Anfield Resources Inc.
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| Issue: | Units of one common share and one warrant
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| Amount: | C$1 million
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| Units: | 4,347,826
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| Price: | C$0.23
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| Warrants: | One warrant per unit
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| Warrant expiration: | Two years
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| Warrant strike price: | C$0.40
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| Agent: | Non-brokered
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| Pricing date: | Aug. 24
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| Stock symbol: | TSX Venture: ARY
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| Stock price: | C$0.24 at close Aug. 23
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| Market capitalization: | C$15.83 million
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