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Affinity Metals Corp. Announces $180,000 Private Placement to Bolster Financial Position

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Affinity Metals Corp. Announces $180,000 Private Placement to Bolster Financial Position

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The latest announcement is out from Affinity Metals ( (TSE:AFF) ).

Affinity Metals Corp. has announced a non-brokered private placement to raise up to $180,000 through the sale of 12,000,000 units at $0.015 per unit. Each unit includes one common share and a warrant to purchase an additional share at $0.05 within three years. The funds will be used for outstanding trade payables, legal fees, audit fees, and general working capital. The offering is exempt from certain securities legislation requirements, and insiders may participate, potentially as a related party transaction. This move aims to strengthen the company’s financial position and support its ongoing operations in the strategic metals sector.

More about Affinity Metals

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

Average Trading Volume: 10,883

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$807.9K

Learn more about AFF stock on TipRanks’ Stock Analysis page.

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