Affinity Metals Corp. Announces Grant of Stock Options

Rhea-AI Summary

Affinity Metals Corp. grants 3,690,000 incentive stock options to directors, officers, and consultants at $0.05 per share, expiring in 10 years with a hold period until June 17, 2024.

Vancouver, British Columbia--(Newsfile Corp. - February 16, 2024) - Affinity Metals Corp. (CSE: AFF) (the "Company") announces that that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 3,690,000 common shares of the Company pursuant to the Company's incentive share option plan. The options are exercisable for a period of 10 years at a price of $0.05 per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring June 17, 2024, in accordance with the policies of the CSE.

About Affinity Metals

Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. The Company presently holds the Regal Property near Revelstoke, British Columbia and the Windfall North Property located adjacent to Osisko's Windfall project in Quebec.

On behalf of the Board of Directors

Robert Edwards
CEO and Director of Affinity Metals Corp.

The Corporation can be contacted at: info@affinity-metals.com.

Information relating to the Corporation is available at: www.affinity-metals.com.

Neither the Canadian Securities Exchange nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/197978

FAQ

What is the total number of common shares granted as incentive stock options by Affinity Metals Corp.?

Affinity Metals Corp. has granted a total of 3,690,000 common shares as incentive stock options.

At what price are the incentive stock options exercisable?

The incentive stock options are exercisable at a price of $0.05 per share.

How long is the period within which the incentive stock options can be exercised?

The incentive stock options can be exercised within a period of 10 years.

When does the hold period for the common shares expire?

The hold period for the common shares expires on June 17, 2024.