Affinity Gold Corp (OTCBB:AFYG) announced a private placement of 27,250,000 common shares at a price of $0.01 per share for gross proceeds of $272,500 on November 6, 2013. The transaction saw participation from existing shareholders. The shares being issued in the transaction are restricted and will remain restricted for 12 months following the company becoming current in its regulatory filings.

On November 26, 2013, Affinity Gold Corp closed its first tranche for gross proceeds of $272,500.

On November 27, 2013, Affinity Gold Corp closed the transaction. The company issued 30,250,000 common shares for gross proceeds of $302,500 to seven individuals and three entities. The securities were issued pursuant to exemption provided under Regulation D and Regulation S. As part of the transaction, the company issued 28,250,000 shares pursuant to Regulation D to eight investors.