VANCOUVER, BRITISH COLUMBIA / TheNewswire / August 24, 2016 – Anfield Resources Inc. (TSXV:ARY,OTCQB:ANLDF) , 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.
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