21:26:02 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Affinity Metals Corp
Symbol AFF
Shares Issued 47,032,101
Close 2025-03-27 C$ 0.015
Market Cap C$ 705,482
Recent Sedar Documents

Affinity Metals arranges $180,000 private placement

2025-05-09 09:30 ET - News Release

Mr. Robert Edwards reports

AFFINITY METALS CORP. ANNOUNCES UP TO $180,000 NON-BROKERED PRIVATE PLACEMENT

Affinity Metals Corp. proposes to undertake a $180,000 non-brokered private placement of up to 12 million units to be sold to eligible purchasers at a price of 1.5 cents per unit. The company has filed for and received price protection for this financing from the Canadian Securities Exchange (CSE). Each unit will consist of one common share of the company and one common purchase warrant. Each warrant will entitle the holder to purchase one common share of the company at a price of five cents at any time on or before that date which is three years after the closing date of the offering. The proceeds received from the sale of the units will be used to pay outstanding trade payables, legal fees and audit fees, and for general working capital.

The units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The company may pay finders' fees to eligible finders in connection with the offering. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance.

It is anticipated that insiders of the company may participate in the offering. The participation of any insiders may be considered a related party transaction, within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. Such insider participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, pursuant to sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the company is not listed on any of the exchanges or markets outlined in Subsection 5.5(b) of MI 61-101, and the fair market value of the securities to be distributed to the insiders is not expected to exceed 25 per cent of the company's market capitalization.

About Affinity Metals Corp.

Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.

We seek Safe Harbor.

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