Affinity Metals Corp. Announces up to $180,000 Non-Brokered Private Placement
Affinity Metals Corp. (CSE: AFF) has announced a non-brokered private placement offering to raise up to $180,000 through the sale of up to 12,000,000 units at $0.015 per unit. Each unit includes one common share and one purchase warrant, with warrants exercisable at $0.05 per share for 3 years after closing. The proceeds will fund outstanding trade payables, legal fees, audit fees, and working capital. The company has received price protection from the CSE for this financing. Company insiders may participate in the offering, with their participation exempt from formal valuation and minority shareholder approval requirements under MI 61-101.
Affinity Metals Corp. (CSE: AFF) ha annunciato un'offerta privata non mediata per raccogliere fino a 180.000 dollari attraverso la vendita di un massimo di 12.000.000 di unità al prezzo di 0,015 dollari per unità. Ogni unità comprende un'azione ordinaria e un warrant di acquisto, con i warrant esercitabili a 0,05 dollari per azione per 3 anni dalla chiusura. I proventi serviranno a finanziare debiti commerciali in sospeso, spese legali, spese di revisione e capitale circolante. La società ha ottenuto una protezione sul prezzo dalla CSE per questo finanziamento. Gli insider della società possono partecipare all'offerta, con la loro partecipazione esentata dai requisiti di valutazione formale e dall'approvazione degli azionisti di minoranza ai sensi del MI 61-101.
Affinity Metals Corp. (CSE: AFF) ha anunciado una oferta privada sin intermediarios para recaudar hasta 180,000 dólares mediante la venta de hasta 12,000,000 unidades a 0.015 dólares por unidad. Cada unidad incluye una acción común y una garantía de compra, con las garantías ejercitables a 0.05 dólares por acción durante 3 años después del cierre. Los fondos se destinarán a pagar cuentas comerciales pendientes, honorarios legales, honorarios de auditoría y capital de trabajo. La empresa ha recibido protección de precio de la CSE para esta financiación. Los insiders de la empresa pueden participar en la oferta, con su participación exenta de los requisitos de valoración formal y aprobación de accionistas minoritarios según MI 61-101.
Affinity Metals Corp. (CSE: AFF)는 중개인 없이 최대 180,000달러를 조달하기 위해 최대 12,000,000 단위를 단위당 0.015달러에 판매하는 비중개 사모 발행을 발표했습니다. 각 단위에는 보통주 1주와 1개의 매수 워런트가 포함되며, 워런트는 마감 후 3년 동안 주당 0.05달러에 행사할 수 있습니다. 자금은 미지급 상거래 채무, 법률비용, 감사비용 및 운전자본에 사용될 예정입니다. 회사는 이번 자금 조달에 대해 CSE로부터 가격 보호를 받았습니다. 회사 내부자들도 이번 발행에 참여할 수 있으며, 이들의 참여는 MI 61-101에 따른 공식 평가 및 소수 주주 승인 요건에서 면제됩니다.
Affinity Metals Corp. (CSE : AFF) a annoncé une offre privée sans courtier visant à lever jusqu'à 180 000 $ par la vente de jusqu'à 12 000 000 d'unités au prix de 0,015 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, les bons étant exerçables à 0,05 $ par action pendant 3 ans après la clôture. Les fonds serviront à financer les dettes commerciales en suspens, les frais juridiques, les frais d'audit et le fonds de roulement. La société a obtenu une protection du prix de la part de la CSE pour ce financement. Les initiés de la société peuvent participer à l'offre, leur participation étant exemptée des exigences d'évaluation formelle et d'approbation des actionnaires minoritaires selon la MI 61-101.
Affinity Metals Corp. (CSE: AFF) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu 180.000 USD durch den Verkauf von bis zu 12.000.000 Einheiten zu je 0,015 USD pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Kaufwarrant, wobei die Warrants für 3 Jahre nach Abschluss zu 0,05 USD pro Aktie ausgeübt werden können. Die Erlöse werden zur Begleichung ausstehender Verbindlichkeiten aus Lieferungen und Leistungen, Rechtskosten, Prüfungskosten und zur Finanzierung des Betriebskapitals verwendet. Das Unternehmen hat für diese Finanzierung einen Preisschutz von der CSE erhalten. Unternehmensinterne Personen können an dem Angebot teilnehmen, wobei ihre Teilnahme von den Anforderungen einer formellen Bewertung und der Zustimmung von Minderheitsaktionären gemäß MI 61-101 ausgenommen ist.
- Warrants provide potential upside with a $0.05 exercise price, representing a 233% premium to the unit price
- Company secured price protection from CSE for the financing
- 3-year warrant term offers extended opportunity for additional capital raising
- Significant dilution with up to 12 million new shares being issued
- Low unit price of $0.015 suggests company distress
- Funds primarily used for paying outstanding payables rather than growth initiatives
- Small offering size of $180,000 may not be sufficient for long-term operations
Cardston, Alberta--(Newsfile Corp. - May 9, 2025) - Affinity Metals Corp. (CSE: AFF) (the "Company" or "Affinity Metals") announces that it proposes to undertake an up to
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 ("MI 61-101"). 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
About Affinity Metals Corp.:
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
ON BEHALF OF AFFINITY METALS CORP.
"Robert Edwards"
Robert Edwards, President & CEO
The Company can be contacted at: info@affinity-metals.com
Further information about Affinity Metals can be found on its website at: www.affinity-metals.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by the Company as of the date hereof. Although the forward-looking statements contained in this news release are based on what the Company's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such statements.
The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in the Company's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, The Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/251436
FAQ
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