Anfield Resources Inc. Completes $2.9 Million Private Placement -
608, 1199 West Pender Street
Vancouver, B.C. V6E 2R1
T. 604.687.0300
F. 604-687-0151
www.anfieldresources.com
TSX.V: ARY
OTCQB: ANLDF
FRANKFURT: 0AD
Anfield Resources Inc. Completes $2.9 Million Private Placement -
VANCOUVER, BRITISH COLUMBIA – MARKETWIRED – March 6, 2017 -- Anfield Resources Inc. (TSX.V:
ARY) (FRANKFURT: 0AD) (OTCQB: ANLDF) (“Anfield” or “the Company”) is pleased to announce that it
has completed its private placement of units (each, a “Unit”) at $0.10 announced on February 21st. The
placement was oversubscribed and on closing the Company issued 28,880,615 Units for gross proceeds
of $2,888,061. Each Unit consists of one common share and a one share purchase warrant (each, a
“Warrant”), with each warrant entitling the holder to acquire an additional common share at a price of
$0.20 for a period of twenty-four months.
Corey Dias, Anfield’s CEO, stated, “ We are excited to have closed on a financing which is significantly
larger than the $1.5 million private placement we had originally announced on February 21st. With these
funds, Anfield will both advance its current projects and pursue acquisition opportunities as we remain
extremely optimistic with regard to the uranium market and its future prospects. It is important to note
that the 447 commercial nuclear reactors now operating in 31 countries across the world currently meet
11% of global electricity demand; however, with 59 reactors currently under construction and a planned
and proposed reactor pipeline totaling more than 500, it is clear that nuclear power will remain an
integral part of the global energy mix”.
In connection with closing, the Company paid fees of $22,050 and issued 220,500 Warrants to eligible
finders who introduced subscribers to the Company. All securities issued in connection with the private
placement are subject to a four-month-and-one-day statutory hold period. The proceeds of the private
placement will be used for project development and general working capital purposes.
About Anfield
Anfield is an energy metals 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 energy metals assets. Anfield is a publicly-traded corporation listed on the TSX Venture Exchange
(ARY-V), the OTCQB Marketplace (ANLDF) and the Frankfurt Stock Exchange (0AD). Anfield is focused on
two production centers, as summarized below:
Arizona/Colorado/Utah – Shootaring Canyon Mill
The key asset in Anfield’s conventional uranium 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 uranium mills in
the United States.
Anfield’s uranium assets consist of conventional 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, as well as
the Findlay Tank breccia pipe. All conventional uranium assets are situated within a 125-mile radius of
the Shootaring Mill.
Wyoming Properties – Irigaray ISR Processing Plant (Resin Processing Agreement)
Anfield’s 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, and comprise 2,667 federal mining
claims, 56 Wyoming State leases and 15 private leases acquired from Uranium One in September 2016.
Anfield has agreed to enter into a Resin Processing Agreement with Uranium One wherein Anfield would
process up to 500,000 pounds per annum of its mined material at Uranium One’s Irigaray Central
Processing Plant in Wyoming.
On behalf of the Board of Directors
ANFIELD RESOURCES 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 Resources Inc.
Clive Mostert
Corporate Communications
604-687-0300
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