Affinity Metals Corp. Completes Non-Brokered Private Placement
Rhea-AI Summary
Affinity Metals (ARIZF) closed a non-brokered private placement announced May 6, 2026. The company issued 3,500,000 units at $0.03 per unit, raising $105,000 in gross proceeds, with no finder's fees paid.
All securities are subject to a hold period until September 16, 2026. A director and officer purchased 220,000 units for $6,600. This insider participation is treated as a related party transaction under MI 61-101 but is exempt from formal valuation and minority approval based on listing status and transaction size.
AI-generated analysis. Not financial advice.
Positive
- $105,000 raised through non-brokered private placement at $0.03 per unit
- No finder's fees paid, preserving offering proceeds for the company
- Insider participation of 220,000 units for proceeds of $6,600
Negative
- Issuance of 3,500,000 new units results in shareholder dilution
Cardston, Alberta--(Newsfile Corp. - May 15, 2026) - Affinity Metals Corp. (CSE: AFF) (the "Company" or "Affinity Metals") announces that it has closed its non-brokered private placement (the "Offering") previously announced on May 6, 2026. Under the Offering, the Company issued 3,500,000 units at a price of
All securities issued under the Offering are subject to a hold period expiring September 16, 2026, in accordance with the policies of the CSE and applicable securities laws.
A director and officer of the Company participated in the Offering and purchased 220,000 units for gross proceeds of
About Affinity Metals Corp.:
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
The Company holds the
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297733