Affinity Metals Corp. Announces Extension of Warrant Exercise Term
Vancouver, British Columbia--(Newsfile Corp. - February 24, 2022) - Affinity Metals Corp. (TSXV: AFF) (the "Company") announces that it intends to extend the exercise term of certain outstanding warrants to purchase an aggregate of 2,572,300 common shares of the Company, 625,000 of which are beneficially held by a director of the Company. 1,960,000 of these warrants were originally issued on March 2, 2020 and are exercisable at a price of $0.30/share until March 2, 2022. 612,300 of these warrants were originally issued on March 24, 2020 and are exercisable at a price of $0.30/share until March 24, 2022. The Company proposes to extend the term of the warrants such that they all will now expire on March 24, 2023 at an exercise price of $0.30/share. All other terms of the warrants will remain unchanged.
The proposed amendment to the term of the warrants is subject to approval by the TSX Venture Exchange.
On behalf of the Board of Directors
CEO and Director of Affinity Metals Corp.
Neither 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.
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.
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