Anfield Energy Inc. announced a private placement of 90,909,090 units of the company at a price of CAD 0.055 per unit for aggregate gross proceeds of CAD 4,999,999.95 on June 15, 2023. Each unit will be comprised of one common share in the capital of the company and one-half of one Share purchase warrant. Each warrant will entitle the holder thereof to purchase one share at an exercise price of CAD 0.085 for 24 months following the completion of the transaction.

The transaction is scheduled to close on or about July 6, 2023 and is subject to certain conditions customary for transactions of this nature including, but not limited to, the receipt of necessary regulatory approvals, including the approval of the TSX Venture Exchange.