Affinity Metals Corp. announced a non-brokered private placement of up to 6,000,000 units at a price of CAD 0.035 per unit for the gross proceeds of CAD 210,000 on March 15, 2023. Each unit will comprise one common share and one common share purchase warrant.

Each warrant will entitle the holder to purchase one common share for a period of 2 years at a price of CAD 0.05. The transaction included participation from certain directors and officers of the company. All securities issued and sold in the transaction will be subject to a hold period expiring four months and one day from their date of issuance.

Completion of the offering and the payment of any finders' fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.