On December 22, 2023 Anfield Energy Inc. closed the oversubscribed non-brokered private placement. The company issued 47,726,100 Units at an issue price of CAD 0.065 per unit for gross proceeds of CAD 3,102,196.5. Each Unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of CAD 0.10 until December 20, 2025. The company paid finder's fees of CAD 124,798 and 1,919,970 broker warrants, respectively, were paid to certain arms-length brokerage firms in connection with completion of the Offering. The broker warrants are exercisable at a price of CAD 0.065 until December 20, 2025. All securities issued in connection with the Offering are subject to a statutory hold period until April 21, 2024 in accordance with applicable securities laws.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 25 placees including existing insider involvement of 4 insiders for 7,300,000 and the company has paid CAD 124,798.05 and issued 1,919,970 warrants.