Affinity Metals arranges $100,000 private placement

Executive Summary

• Affinity Metals Corp. announced a proposed up-to-$100,000 non-brokered private placement of up to 2 million units.
• Each unit is priced at $0.05 and consists of one common share and one common share purchase warrant.
• Proceeds will be allocated to general working capital, with anticipated insider participation exempt from standard minority approval requirements under MI 61-101.

Key Details

• Offering Size & Price: Up to 2,000,000 units at $0.05 per unit, generating gross proceeds of up to $100,000
• Unit Composition: Each unit includes one common share and one common share purchase warrant
• Warrant Terms: Each warrant entitles the holder to purchase one common share at an exercise price of $0.06, exercisable at any time within 24 months of the closing date
• Use of Proceeds: General working capital
• Hold Period: Securities are subject to a statutory hold period of 4 months and 1 day from the date of issuance, per Canadian Securities Exchange policies
• Insider Participation: Anticipated participation by company insiders; exempt from formal valuation and minority shareholder approval requirements under Multilateral Instrument 61-101 due to the company's listing status and the fair market value of insider-distributed securities not exceeding 25% of market capitalization
• Regulatory Basis: Offered in reliance on exemptions from prospectus and registration requirements under applicable securities legislation