ANFIELD GOLD CORP. ("ANF")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: December 22, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing a share and debt purchase agreement among Anfield Gold Corp. ("Anfield"), its wholly-owned subsidiary Magellan Minerals Ltd. and Serabi Gold PLC ("Serabi"), pursuant to which Serabi will acquire 100% of the issued share capital of Chapleau Resources Ltd ("Chapleau"), a wholly-owned subsidiary of Anfield, which holds the Coringa Gold Project. Serabi will also be acquiring certain intercompany debts of Anfield. The total consideration for the acquisition amounts to US$22 million, subject to certain adjustments. Serabi will make an initial payment to Anfield on closing of US$5 million in cash. A further US$5 million in cash is payable within three months of closing and a final payment of US$12 million in cash will be due upon the earlier of first gold being produced from the Coringa Gold Project or 24 months from the date of closing.
The Exchange has been advised that shareholder approval of the transaction was obtained at a special meeting of Anfield shareholders held on December 19, 2017.
Insider / Pro Group Participation: Nil.
For further information please refer to the Anfield's news release dated November 14, 2017 which is available under Anfield's profile on SEDAR.
________________________________________
|
|
