Anfield Energy Inc. (TSXV:AEC) – Notable News

January 6, 2025

Anfield Energy Inc. (TSXV:AEC, TENDER, C$0.20 target, David A. Talbot) announced that it intends to appeal the BC Supreme Court’s decision requiring Anfield to hold another shareholder meeting to consider its merger with IsoEnergy (TSX:ISO, BUY, C$7.70 target, David A. Talbot). The hearing is scheduled for January 27^th and 28^th. The court’s order of a new shareholder vote came after UEC (NYSEAM:UEC, Not Rated), a significant shareholder in Anfield, opposed the merger citing a lack of disclosure and conflict of interests (read notable). UEC offered to purchase 107M shares at C$0.14/sh for C$15M. It has extended its offer until January 10^th. We infer that the ISO/AEC merger deadline (earlier anticipated by YE 2024) has likely been extended. Meanwhile, there appears to be no commitment from Anfield to have another meeting yet. Read more

Company Specific Disclosure Details

Anfield Energy Inc. – TSXV:AEC – 3
IsoEnergy Ltd. – TSX:ISO – 1,2,3,5

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