Affinity Metals Corp. Announces $200,000 Private Placement
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 13, 2017) - Affinity Metals Corp. (TSX VENTURE:AFF) ("the Corporation") today announced that it will be offering on a non-brokered private placement basis ("the Offering") up to 4,000,000 units ("Units") at a price of $0.05 per Unit for proceeds of $200,000 if the Offering is fully subscribed. Each Unit will consist 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.
The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
Proceeds will be used to settle debt and for general operating purposes. Insiders may participate in this Offering.
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.
Contact
Affinity Metals Corp.
Robert Edwards
Chief Executive Officer
604-227-3554
redwards@affinity-metals.com