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Financings

Affinity Metals Corp. Announces up to $100,000 Non-Brokered Private Placement

By The Northwire Desk — AI Analysis Mar 04, 2026 · 06:01 AFF · 0.04 Affinity Metals Corp.
AFF · Price

Executive Summary

  • Affinity Metals Corp. announces a proposed non‑brokered private placement of up to 2,000,000 units at $0.05 per unit, potentially raising up to $100,000.
  • Each unit consists of one common share and one warrant to purchase an additional share at $0.06 exercisable for 24 months after closing.
  • Proceeds are earmarked for general working capital; insiders are expected to participate under exempt related‑party transaction rules.

Key Details

  • Offering Size: Up to 2,000,000 units (maximum gross proceeds of $100,000).
  • Unit Composition: 1 common share + 1 common share purchase warrant per unit.
  • Pricing: $0.05 per unit; warrant exercise price $0.06 per share.
  • Warrant Terms: exercisable at any time on or before the date that is 24 months after the closing of the offering.
  • Eligibility: Units offered to qualified purchasers under prospectus‑exempt exemptions.
  • Hold Period: Securities subject to a lock‑up expiring four months and one day from issuance, per CSE policies.
  • Use of Proceeds: General working capital for Affinity Metals Corp.
  • Insider Participation: Anticipated; treated as an exempt related‑party transaction under MI 61‑101 because the company is not listed on the exchanges specified in subsection 5.5(b). Insider securities will not exceed 25% of market capitalization.
  • Regulatory Exemptions: Offering relies on exemptions from prospectus and registration requirements; no formal valuation or minority shareholder approval required.

Notable Quotes

  • “We are pleased to provide this financing opportunity to support our ongoing exploration and development activities.” – Robert Edwards, President & CEO

This release excludes boilerplate company descriptions, forward‑looking statements, and disclaimer language.

Read the original news release →

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