On July 10, 2023, Anfield Energy Inc. closed the transaction. The company has amended the terms of the transaction. The company has issued 81,820,000 units at a price of CAD 0.055 per unit, for aggregate gross proceeds of CAD 4,500,100.

The transaction included participation from 30 placees, management and directors for an aggregate of 9,080,000 units representing CAD 499,400 of the gross proceeds of the offering. Each warrant entitles the holder to purchase one additional share at an exercise price of CAD 0.085 until July 10, 2025. The company received a cash fee from agents of approximately CAD 255,024.

The units will not be subject to resale restrictions pursuant to applicable Canadian securities laws. All units issued to insiders of the company are subject to restrictions on resale until November 11, 2023 in accordance with the policies of the TSX Venture Exchange.