Affinity Metals Reprices Private Placement to Raise Up to $105,000

Affinity Metals ( (TSE:AFF) ) has shared an update.

Affinity Metals Corp. has repriced its previously announced non-brokered private placement, now planning to raise up to $105,000 through the sale of as many as 3,000,000 units at $0.035 per unit, each comprising one common share and a warrant exercisable at $0.05 for 24 months. The financing, for which the company has obtained price protection from the Canadian Securities Exchange, is intended to cover audit and legal fees and bolster general working capital, with participation expected from company insiders under exemptions that avoid formal valuation and minority shareholder approval requirements.

The units will be placed with qualified purchasers under prospectus exemptions, may involve finders’ fees, and will be subject to a hold period of four months and one day. This modest capital raise underscores Affinity Metals’ reliance on equity financing to support its corporate overhead and maintain operational flexibility as it advances its exploration-stage assets in Canada, while managing regulatory compliance in a cost-effective manner.

More about Affinity Metals

Affinity Metals Corp. is a North America-focused mineral exploration company specializing in the acquisition, exploration and development of strategic metal deposits. The company owns the Regal high-grade silver property near Revelstoke, British Columbia, and holds an option on the Discovery Lake property near Sioux Lookout, Ontario.

YTD Price Performance: -25.00%

Average Trading Volume: 39,609

Technical Sentiment Signal: Sell

Current Market Cap: C$1.98M

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