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Anfield Energy Amends Credit Facility with Extract
Globenewswire· 2026-01-30 02:30
Core Viewpoint - Anfield Energy Inc. has entered into an amending and consent agreement with Extract Advisors LLC to amend the terms of an existing credit facility and has received consent for the acquisition of B.R.S. Inc. [1][2] Group 1: Amending Agreement and Acquisition - The Amending Agreement allows Anfield to proceed with the acquisition of all issued and outstanding securities of B.R.S. Inc. [1] - Extract has consented to the acquisition as part of the agreement [1][2] Group 2: Issuance of Bonus Shares and Warrants - In exchange for the consent, Anfield will issue 50,000 bonus common shares and 500,000 bonus common share purchase warrants to Extract [2] - Each Bonus Warrant allows the holder to acquire one common share at an exercise price of C$12.50 until September 26, 2028 [2] - Proceeds from the exercise of the Bonus Warrants will be used to repay the principal amount of the Credit Facility [2] Group 3: Related Party Transactions - The transactions under the Amending Agreement are classified as "related party transactions" due to Extract being an insider of the Company [3] - The board of directors has determined that these transactions will be exempt from formal valuation and minority shareholder approval requirements [3] Group 4: Company Overview - Anfield is a uranium and vanadium development company aiming to become a top-tier energy-related fuels supplier [4] - The company is publicly traded on NASDAQ, TSXV, and Frankfurt Stock Exchange [4]