24/02/28 - TSX Venture Exchange Bulletins
TSX VENTURE COMPANIES
BULLETIN V2024-0631
ANFIELD ENERGY INC. ("AEC")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: February 28, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue 42,105,263 warrants, with each warrant entitling the holder to acquire one common share of the Company at an exercise price of $0.095 until October 6, 2028, to an arm's length party (the "Lender") in consideration of a secured credit facility of $4,300,000 (the "Facility").
The Facility bears an interest of SOFR plus 5% per annum and has a maturity date of October 6, 2028. The Company may elect to capitalize the interest payable on the Facility semi-annually, in arrears, at a rate of SOFR plus 7%. The Facility will have an original issue discount of 7%. The Company also paid an arrangement fee of $100,000 to the Lender for the Facility.
The Company also issued 1,158,301 shares, at a deemed price of $0.0777 per share, and paid a cash fee of $90,000 to an arm's length financial adviser in relation to the Facility.
For additional details, please refer to the Company's news releases dated September 27, 2023 and October 6, 2023.
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