Anfield Resources Raises $1,000,050

Anfield Resources (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) reported that it has raised $1,050,000. This was through a combination of a non-brokered, fully-subscribed, private placement of $500,000 secured convertible debentures at an interest rate of 15%, and an amended, fully-subscribed, non-brokered private placement of $550,000. Anfield also announced that it has amended the non-brokered private placement previously announced on July 9, 2015. 5,500,000 units will be issued at a price of $0.10 per unit.
As quoted in the press release:

The principal amount of the convertible debenture is convertible into common stock of the Company at the option of the subscriber, in whole or in part, at any time during the one-year term to units at a price of $0.12 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.15 for a period of 12 months from the date of issuance of the debenture. Finders fees in accordance with TSX policy will be paid in connection with the debenture financing.
In addition, Anfield announces that it has amended the non-brokered private placement previously announced on July 9, 2015. 5,500,000 units will be issued at a price of $0.10 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant will entitle the holder to purchase an additional common share at a price of $0.15 for a period of 24 months. Finder’s fees may be paid in certain instances.

Anfield CEO, Corey Dias, said:

“With the arrangement of these financings the Company has now met the financial condition to closing the Asset Purchase Agreement with Uranium One for the acquisition of the Shootaring Canyon uranium mill and Uranium One’s conventional U.S. uranium assets.”

Click here for the full Anfield Resources (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) press release.
Click here for the Anfield Resources (TSXV:ARY,OTCQB:ANLDF,FWB:0AD) profile.