Vancouver, BC…Affinity Metals Corp. (TSX-V: AFF) (the “Company” or “Affinity”) announces that it has completed the closing of its over-subscribed non-brokered $0.45/flow-through unit private placement previously announced on August 4, 2020, and has issued 1,022,229 flow-through units for gross proceeds of $460,003.05. In connection with this private placement, the Company paid finder’s fees totaling $28,000 cash and 62,222 compensation warrants, with each warrant being exercisable for one common share at a price of $0.65 for 18 months. All securities issued under this financing are subject to a four month hold period expiring December 12, 2020, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.
About Affinity Metals
Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity is following the Project Generator model. Affinity is advancing the Regal and West Timmins Gold projects. The Regal is located near Revelstoke, British Columbia, Canada in the northern end of the prolific Kootenay Arc and hosts two major geophysical anomalies as well as three past producing mines. The West Timmins Gold property is located near Timmins, Ontario, Canada and adjoins Melkior’s Carscallen project. The first drill hole has been completed and the core is now being logged, split and sampled in preparation for assaying.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
The Company can be contacted at: info@affinity-metals.com.
Information relating to the Company is available at: www.affinity-metals.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
