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Financings

Anfield Energy amends credit facility with Extract

By The Northwire Desk — AI Analysis Jan 30, 2026 · 04:54 AEC · 12.46 Anfield Energy Inc.
AEC · Price

Executive Summary

  • Anfield Energy Inc. amended its existing credit facility with Extract Advisors LLC to secure lender consent for the company's acquisition of all issued and outstanding securities of BRS Inc.
  • In consideration for the consent, Anfield will issue 50,000 bonus common shares and 500,000 bonus common share purchase warrants to Extract.
  • The transaction is structured as a related-party transaction exempt from formal valuation and minority shareholder approval under MI 61-101, pending TSX Venture Exchange approval.

Key Details

  • Credit Facility Amendment: Anfield entered into an amending and consent agreement with Extract Advisors LLC (acting as agent) to modify terms of an existing credit facility.
  • M&A Consent: The amendment secures Extract's consent for Anfield's proposed acquisition of all issued and outstanding securities of BRS Inc.
  • Consideration for Consent: Anfield agreed to issue 50,000 bonus common shares and 500,000 bonus common share purchase warrants to Extract.
  • Warrant Terms: Each bonus warrant entitles the holder to acquire one common share at an exercise price of $12.50 per share, exercisable until September 26, 2028.
  • Use of Proceeds: All proceeds from the exercise of the bonus warrants by the lender will be applied to repay the principal amount of the credit facility for as long as the facility remains outstanding.
  • Regulatory Compliance: Issuance complies with TSX Venture Exchange Policy 5.1 and is subject to TSXV approval.
  • Related-Party Status: Extract and its joint actor, Extract Capital Master Fund Ltd., are insiders. The transaction constitutes a related-party transaction under Multilateral Instrument 61-101.
  • Exemptions: The board determined the transaction is exempt from formal valuation and minority shareholder approval requirements under MI 61-101 sections 5.5(a) and 5.7(1)(a), as the fair market value of consideration involving interested parties does not exceed 25% of the company's market capitalization.
  • Conditions: The consent is conditional upon the issuance of the bonus shares and warrants; the issuance itself is subject to TSXV approval.
Read the original news release →

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