acquisition in the making ??
UEC owns 16 % of Anfield Energy shares
VANCOUVER, British Columbia, June 08, 2022 – Anfield Energy Inc. (TSX.V: AEC; OTCQB: ANLDF; FRANKFURT: 0AD) (“Anfield” or the “Company”) is pleased to announce that it has completed the settlement (the “Debt Settlement”) of US$18.34 million of indebtedness which was owed to Uranium Energy Corp. (“UEC”). The indebtedness was fully settled through the payment to UEC of approximately US$9.17 million in cash from the net proceeds of the Offering (as hereinafter defined) and the issuance to UEC of 96,272,918 units of Anfield (the “Debt Units”), which were issued at a deemed aggregate value of approximately US$9.17 million or US$0.095 (C$0.12) per Debt Unit. Each Debt Unit is comprised of one common share of the Company (a “Common Share”) plus one Common Share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder thereof to acquire one Common Share (a “Warrant Share”) at a price of C$0.18 until May 12, 2027. The securities underlying the Debt Units are subject to certain resale restrictions. As a result of the Debt Settlement, UEC will become Anfield’s cornerstone shareholder, owning 15.4% on an outstanding basis and 26.7% on a partially diluted basis.``
https://anfieldenergy.com/2022/06/anfield-energy-announces-completion-of-transactions-with-uranium-energy-and-conversion-of-subscription-receipts-issued-in-c15-million-offering/
just a thought
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