FULL DISCLOSURE: The Deep Dive is long the equity of Anfield Energy.
Anfield Energy (TSXV: AEC) has seen a major shareholder dramatically increase their interest in the company.
Uranium Energy Corp (NYSE: UEC) on Friday indicated that they had increased their position in Anfield to 373.4 million shares, representing an ownership stake of 32.4% on a non-diluted basis, and a stake of 37.6% on a partially diluted basis. Prior to the increase, UEC held a 17.6% interest in Anfield.
The increase in ownership follows UEC investing $19.6 million in Anfield via a private agreement that took place at a price of $0.115 per share. That placement occurred under a “private agreement exemption” as per National Instrument rules.
The expansion in ownership follows Anfield seeing their Velvet-Wood mine receive approval from the US government after a brief 14-day environmental review, with the government electing to fast track the review under national energy emergency legislation.
Anfield Energy last traded at $0.1275 on the TSX Venture.
FULL DISCLOSURE: Canacom Group, the parent company of The Deep Dive is long the equity of Anfield Energy. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
