VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 26, 2017) – Affinity Metals Corp. (TSX VENTURE:AFF) (“the Corporation”) is pleased to announce that it has closed the fully subscribed non-brokered private placement (“the Offering”) previously announced on March 13, 2017. A total of 4,000,000 units (“Units”) were subscribed for at a price of $0.05 per Unit for proceeds of $200,000. Each Unit consists of one common share of the Corporation (“Common Share”) and one-half of one non-transferrable Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant may be exercised for one additional Common Share for a period of 24 months from the closing date of the Offering at a price of $0.075.
Insiders subscribed for 900,000 Units of the Offering. The Common Shares and Warrants issued in this Offering are subject to a hold period of four months plus a day from issuance.
Proceeds will be used to settle current debt and for general operating purposes.
This private placement is subject to approval by the TSX Venture Exchange.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
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 release.
