Anfield Nickel Corp.
TSX VENTURE : ANF

Anfield Nickel Corp.

October 01, 2009 15:00 ET

Anfield Announces Closing of C$15.68 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 1, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Anfield Nickel Corp. (TSX VENTURE:ANF) ("Anfield") is pleased to announce the closing, on September 30, 2009, of the non-brokered private placement announced on September 3, 2009. Anfield issued 5,600,000 of common shares at a price of C$2.80 per common share for aggregate gross proceeds of approximately C$15.68 million (the "Offering").

All of the common shares issued pursuant to the Offering are subject to a four-month hold period and may not be traded in Canada until January 31, 2010. In accordance with applicable securities laws and the policies of the TSX Venture Exchange, Anfield has agreed to pay a finder's fee with respect to the Offering, amounting to C$719,856 in cash commissions. The Offering and payment of the finder's fee are subject to the receipt of final acceptance from the TSX Venture Exchange.

The net proceeds from the Offering will be used to fund the exploration drill program and initial metallurgical and base line engineering studies at Anfield's Mayaniquel nickel laterite project in Guatemala, and for general corporate purposes.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

ANFIELD NICKEL CORP.

David Strang

CAUTION REGARDING FORWARD LOOKING STATEMENTS: This news release may contains "forward-looking statements" within the meaning of the applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "can", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Anfield Nickel Corp. to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the exploration and potential development of the Company's projects, risks related to international operations, the actual results of current exploration activities, conclusions of economic evaluations, changes in project parameters as plans continue to be refined, future prices of commodities, as well as those factors discussed in the sections relating to risk factors of our business filed in Anfield Nickel Corp.'s required securities filings on SEDAR. Although Anfield Nickel Corp. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results to be materially different from those anticipated, described, estimated, assessed or intended.

There can be no assurance that any forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Anfield Nickel Corp. does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Anfield Nickel Corp.
    David Strang
    604 646-1899
    604 687-7041 (FAX)