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Financings

Anfield Energy amends credit facility with Extract

By The Northwire Desk — AI Analysis Apr 02, 2026 · 04:48 AEC · 7.91 Anfield Energy Inc.
AEC · Price

Executive Summary

  • Anfield Energy Inc. has amended its existing credit facility with Extract Advisors LLC and secured Extract's consent for the company's acquisition of BRS Inc.
  • As consideration for the consent, Anfield will issue 50,000 bonus common shares and 180,085 bonus common share purchase warrants to Extract.
  • All proceeds from the exercise of the bonus warrants will be applied to repay the principal amount of the credit facility, with the issuance subject to TSX Venture Exchange approval.

Key Details

  • Credit Facility Amendment: Revised terms of an existing credit facility via an amending and consent agreement with Extract Advisors LLC, acting as agent.
  • M&A Consent: Extract consented to Anfield's proposed acquisition of all issued and outstanding securities of BRS Inc.
  • Consideration Securities: 50,000 bonus common shares and 180,085 bonus common share purchase warrants issued to Extract.
  • Warrant Terms: Each warrant entitles the holder to acquire one common share at an exercise price of $8.11 per share, expiring on Sept. 26, 2028.
  • Use of Proceeds: All proceeds from the exercise of the bonus warrants by the lender will be used to repay the principal amount of the credit facility for as long as the facility remains outstanding.
  • Conditions & Approvals: The consent is conditional upon the issuance of the bonus shares and warrants; the issuance is subject to TSX Venture Exchange approval.
  • Regulatory Compliance: Issuance made in accordance with TSX Venture Exchange Policy 5.1 (Loans, Loan Bonuses, Finder's Fees and Commissions).
  • Reference Releases: Relates to prior company releases dated Oct. 6, 2023; Apr. 17, 2024; Mar. 18, 2025; Dec. 18, 2025; and Jan. 29, 2026.
Read the original news release →

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