Anfield announces c$26.5 million financing; plans for us senior exchange listing

Vancouver, british columbia, jan. 14, 2025 (globe newswire) -- anfield energy inc. (tsx.v: aec; otcqb: anldf; frankfurt: 0ad) (“anfield” or the “company”) announces that the company has entered into a subscription agreement dated january 14, 2024 with uranium energy corp. (“uec”) whereby uec has agreed to acquire 107,142,857 shares of anfield (the “shares”) at a price of c$0.14 per share for gross proceeds of c$15 million (the “equity financing”). in addition, anfield also announces its intent to pursue a listing of its shares on a senior us stock exchange. finally, further to the company's press release dated january 2, 2025, the company has terminated its proposed plan of arrangement (the “arrangement”) dated october 1, 2024 with isoenergy ltd. (“isoenergy”). to repay isoenergy's promissory note dated october 1, 2024, anfield has also entered into an indicative term sheet with extract advisors llc (“extract”), the company's existing lender, to increase the existing credit facility by an additional us$8 million (the “credit facility”).
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