Anfield Energy amends credit facility, issues shares to Extract Advisors

Anfield Energy Inc. (TSX.V: AEC; NASDAQ: AEC; FRANKFURT: 0AD) entered into an amending agreement with Extract Advisors LLC to modify terms of an existing credit facility and obtain consent for the company's proposed acquisition of B.R.S. Inc.

Under the agreement, Anfield will issue 50,000 bonus common shares and 500,000 bonus warrants to Extract Advisors in exchange for consent to proceed with the acquisition. The warrants allow the holder to purchase common shares at C$12.50 per share until September 26, 2028.

Proceeds from warrant exercises will be used to repay the principal amount of the credit facility while it remains outstanding. The share and warrant issuance requires approval from the TSX Venture Exchange.

Extract Advisors and its joint actor, Extract Capital Master Fund Ltd., are considered insiders of Anfield Energy. The company's board determined the transaction qualifies for exemptions from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101, as the fair market value does not exceed 25% of the company's market capitalization.

The consent for the B.R.S. Inc. acquisition is conditional upon Anfield's issuance of the bonus shares and warrants to Extract Advisors.

Anfield Energy operates as a uranium and vanadium development company and trades on the NASDAQ, TSX Venture Exchange, and Frankfurt Stock Exchange.

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