Anfield Energy to Issue 50,000 Shares and 180,085 Warrants at C$8.11
Anfield Energy agreed with Extract Advisors to amend its credit facility, consenting to its planned acquisition of B.R.S. Inc. In exchange, it will issue 50,000 bonus common shares and 180,085 warrants exercisable at C$8.11 until September 26, 2028, with proceeds earmarked to repay the facility, pending TSXV approval.
1. Amendment Agreement with Extract
Anfield Energy and Extract Advisors LLC revised the terms of their existing credit facility to secure Extract’s consent for Anfield’s acquisition of all issued and outstanding securities of B.R.S. Inc. This amendment follows previous agreements dating back to October 2023 and March 2025, reflecting ongoing financing negotiations.
2. Issuance of Bonus Shares and Warrants
As consideration for Extract’s consent, Anfield will issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants. Each warrant grants the holder the right to buy one share at C$8.11 until September 26, 2028, under TSXV Policy 5.1 provisions.
3. Proceeds Dedicated to Debt Repayment
All funds raised from the exercise of the bonus warrants will be used exclusively to repay the principal amount of the amended credit facility. This mechanism ensures that warrant exercises directly reduce Anfield’s outstanding debt balance.
4. Conditions and Approval Process
The effectiveness of the consent and the issuance of bonus securities are conditional on TSXV approval. The amendment ties the credit facility’s continued operation to the successful completion of the B.R.S. Inc. acquisition and regulatory sign-offs.