Mr. Robert Edwards reports
AFFINITY METALS CORP. COMPLETES NON-BROKERED PRIVATE PLACEMENT
Affinity Metals Corp. has closed its non-brokered private placement, previously announced on May 6, 2026. Under the offering, the company issued 3.5 million units at a price of three cents per unit for gross proceeds of $105,000. Refer to the May 6, 2026, news release for further information on the offering. No finders' fees were paid in relation to the offering.
All securities issued under the offering are subject to a hold period expiring Sept. 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 $6,600. The insider's participation is considered a related party transaction within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Such insider participation is 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 distributed to the insider did not exceed 25 per cent of the company's market capitalization.
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 100-per-cent-owned Regal high-grade silver property located near Revelstoke, B.C., and has also optioned the Discovery Lake property, located near Sioux Lookout in Ontario.
We seek Safe Harbor.
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