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Anfield Energy announces closing of US$6,000,000 LIFE offering and US$4,000,000 private placement
Summary
Anfield Energy announced it has closed a US$6,000,000 non-brokered LIFE offering of common shares and a concurrent US$4,000,000 non-brokered private placement of subscription receipts. The news release includes forward-looking statements and notes risks such as escrow release conditions and required approvals for a participating party.
Content
Anfield Energy announced the closing of two non-brokered financings. The company said it completed a US$6,000,000 LIFE offering of common shares and a concurrent US$4,000,000 private placement of subscription receipts. The release includes standard forward-looking statements under Canadian securities laws. It also highlights several risks and conditions tied to the financings and related approvals.
Known details:
- The company closed a US$6,000,000 non-brokered LIFE offering of common shares.
- A concurrent US$4,000,000 non-brokered private placement of subscription receipts was also closed.
- The news release contains forward-looking statements and identifies risks and assumptions behind those statements.
- The release specifically mentions escrow release conditions and the need for approvals related to Uranium Energy's participation through its subsidiary, UEC, as a potential "Control Person."
- The company disclaims any obligation to update forward-looking statements except as required by law.
Summary:
The announcement reports completion of the two financings and reiterates that forward-looking statements are subject to risks and uncertainties. The company identifies satisfying escrow release conditions and required approvals, and the timing of a Special Meeting, as matters tied to the financings. Undetermined at this time.
