Anfield Energy Closes Final Tranche of Private Placement

Anfield Energy Closes Final Tranche of Private Placement

VANCOUVER, British Columbia, March 07, 2022 (GLOBE NEWSWIRE) — Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“ Anfield ” or the “ Company ”) is pleased to announce that it has closed the final tranche of its non-brokered private placement. The final tranche, consisting of 71,920,520 units (each, a “ Unit ”) at a price of $0.085 per Unit, raised gross proceeds of $6,116,644. Each Unit consists of one common share and one share purchase warrant (each, a “ Warrant ”), with each Warrant entitling the holder to purchase an additional common share at a price of $0.13 until March 7, 2024. Red Cloud Securities Inc. acted as a finder with respect to the private placement.

In connection with completion of the final tranche of the private placement, the Company has paid $361,899 and issued 4,245,631 Warrants to certain arms’-length parties who have assisted the Company by […]

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