Anfield Resources Announces Strategic Financing
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VANCOUVER, BRITISH COLUMBIA / TheNewswire / August 24, 2016 - Anfield Resources Inc. (TSX.V: ARY) (OTCQB: ANLDF) (FRANKFURT: 0AD) ("Anfield" or "the Company"), is pleased to announce a strategic financing, offering 4,347,826 Units at $0.23, for total proceeds of $1 million. Each Unit consists of one common share and one share purchase warrant, with each warrant exercisable at $0.40 for a two-year term. Finders' fees may be paid in certain instances. The private placement has been fully allocated.
Corey Dias, Anfield's CEO stated, "The Company continues to pursue a multi-faceted acquisition approach to strengthen and diversify its holdings. Following closely on the heels of the announcement of the LOI to explore the vanadium potential of Anfield's properties, this strategic financing will allow the Company to continue to grow the project and develop its asset base."
The proceeds of $1,000,000 will be used for growing and developing its holdings, and for general corporate expenses.
The foregoing is subject to regulatory approval.
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
780-920-5044
info@anfieldresources.com
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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.
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