Anfield Energy Amends Previously Announced Private Placement: US$6,000,000 Non-Brokered LIFE Offering of Common Shares and Concurrent US$4,000,000 Non-Brokered Private Placement of Subscription Receipts
GlobeNewswire Inc.
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•By Anfield Energy Inc.
Anfield Energy announced amendments to its non-brokered private placement, consisting of up to 1.35M common shares at US$4.46 per share (US$6M gross proceeds) under the Listed Issuer Financing Exemption, plus a concurrent US$4M offering of subscription receipts to Uranium Energy Corp. The total offering is expected to reach US$10M, with proceeds allocated to capital commitments for the West Slope Project, Velvet-Wood Project, Slick Rock Project, and Shootaring Canyon Mill. The offering requires TSXV and NASDAQ approvals, as well as disinterested shareholder approval of Uranium Energy as a control person.