Anfield Energy Closes Final Tranche of $1 Million Financing
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
TSX.V: AEC
OTCQB: ANLDF
FRANKFURT: 0AD
Anfield Energy Closes Final Tranche of $1 Million Financing
VANCOUVER, BRITISH COLUMBIA – STOCKWATCH – August 28, 2020 – 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 a non-brokered private placement, and has issued 9,360,000 units (each, a
“Unit”) at a price of $0.05 per Unit. When combined with the initial tranche, the Company has raised
gross proceeds of $1,000,000. 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 $0.10 for a one year term.
All securities issued in the second tranche have a hold period expiring on December 27, 2020. The
9,360,000 Warrants expire on August 25, 2021. In connection with completion of the final tranche of
the placement, the Company paid $16,975 and issued 294,275 Warrants, to certain arms-length parties
who assisted in introducing subscribers. The proceeds from the private placement will be used for the
development of both the Charlie Project and other Wyoming-based ISR projects, property-related costs,
and general working capital.
The placement included subscriptions from directors and officers of the Company for an aggregate of
3,660,000 Units. The issuance of Units to directors and officers of the company, pursuant to the
placement, are considered related party transactions within the meaning of TSX Venture Exchange
Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). The Company relied on exemptions from the formal valuation and minority
approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of insider participation, as
neither the fair market value of, nor the fair market value of the consideration for, the placement,
insofar as it involves directors and officers of the Company, exceeded twenty-five percent of the market
capitalization of the Company.
The Company also announces that it has granted 6,075,000 incentive stock options to certain directors,
officers, employees and consultants of the Company at a price of $0.10 with a five-year term expiring on
August 28, 2025.
About Anfield
Anfield is a uranium and vanadium development and near-term production company that is committed
to becoming a top-tier energy-related fuels supplier by creating value through sustainable, efficient
growth in its assets. Anfield is a publicly-traded corporation listed on the TSX-Venture Exchange (AEC-V),
the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on two
asset centers, as summarized below:
Head Office:
4390 Grange Street, Suite 2005
Burnaby, B.C. V5H 1P6
www.anfieldenergy.com
Office: 604.669.5762
Fax: 604.608.4804
TSX.V: AEC
OTCQB: ANLDF
FRANKFURT: 0AD
Wyoming – Irigaray ISR Processing Plant (Resin Capture and Processing Agreement)
Anfield has signed a Resin Capture and Processing Agreement with Uranium One whereby Anfield would
process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray processing
plant in Wyoming. In addition, the Company can both buy and borrow uranium from Uranium One in
order to fulfill some or all of its sales contracts.
Anfield’s 24 ISR mining projects are located in the Black Hills, Powder River Basin, Great Divide Basin,
Laramie Basin, Shirley Basin and Wind River Basin areas in Wyoming. Anfield’s three projects in
Wyoming for which NI 43-101 resource reports have been completed are Red Rim, Nine Mile Lake and
Clarkson Hill.
The Charlie Project, Anfield’s flagship uranium project, is located in the Pumpkin Buttes Uranium District
in Johnson County, Wyoming. The Charlie Project consists of a 720-acre Wyoming State uranium lease
which has been in development since 1969. An NI 43-101 Preliminary Economic Assessment has been
completed for the Charlie Project.
Arizona/Utah/Colorado – Shootaring Canyon Mill
A key asset in Anfield’s portfolio is the Shootaring Canyon Mill in Garfield County, Utah. The Shootaring
Canyon Mill is strategically located within one of the historically most prolific uranium production areas
in the United States, and is one of only three licensed, permitted and constructed conventional uranium
mills in the United States.
Anfield’s conventional uranium assets consist of mining claims and state leases in southeastern Utah,
Colorado and Arizona, targeting areas where past uranium mining or prospecting occurred. Anfield’s
conventional uranium assets include the Velvet-Wood Project, the Frank M Uranium Project, the West
Slope Project as well as the Findlay Tank breccia pipe. An NI 43-101 Preliminary Economic Assessment
has been completed for the Velvet-Wood Project. The PEA is preliminary in nature, and includes
inferred mineral resources that are considered too speculative geologically to have economic
considerations applied to them that would enable them to be categorized as mineral reserves, and there
is no certainty that the preliminary economic assessment would be realized. All conventional uranium
assets are situated within a 200-mile radius of the Shootaring Mill.
On behalf of the Board of Directors
ANFIELD ENERGY INC.
Corey Dias, Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contact:
Anfield Energy, Inc.
Clive Mostert
Corporate Communications
780-920-5044
www.anfieldenergy.com
Safe Harbor Statement
THIS NEWS RELEASE CONTAINS “FORWARD-LOOKING STATEMENTS”. STATEMENTS IN THIS NEWS
RELEASE THAT ARE NOT PURELY HISTORICAL ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY
STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS
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REQUIREMENTS AND THE COMPANY’S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND
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EFFORTS WILL SUCCEED OR THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE
FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE
COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO
UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE
FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS,
EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE
NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE.
INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER
TO THE RISK FACTORS DISCLOSED IN THE COMPANY’S PERIODIC REPORTS FILED FROM TIME-TO-TIME.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL
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