Affinity Metals Corp. Announces Proposed Extension of Warrants
Rhea-AI Summary
Affinity Metals Corp (CSE: AFF) has announced plans to extend the exercise period of 6,000,000 outstanding share purchase warrants. These warrants, initially issued on March 30, 2023, currently allow holders to purchase one common share at $0.05 per share until March 30, 2025.
The company proposes to extend the expiration date to March 30, 2028, maintaining the same exercise price of $0.05 per share. All other warrant terms will remain unchanged.
Positive
- Three-year extension of warrant expiration provides additional time for potential exercise
- Maintenance of low exercise price at $0.05 per share
Negative
- Potential future dilution of 6,000,000 shares if warrants are exercised
Cardston, Alberta--(Newsfile Corp. - March 14, 2025) - Affinity Metals Corp. (CSE: AFF) (the "Company" or "Affinity Metals") announces that it intends to extend the exercise period of 6,000,000 outstanding share purchase warrants. These warrants were originally issued on March 30, 2023, and each is exercisable for one common share of the Company at a price of
About Affinity Metals Corp.:
Affinity Metals is focused on the acquisition, exploration and development of strategic metal deposits within North America.
ON BEHALF OF AFFINITY METALS CORP.
"Robert Edwards"
Robert Edwards, President & CEO
The Company can be contacted at: info@affinity-metals.com
Further information about Affinity Metals can be found on its website 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.
Cautionary Statement Regarding Forward-Looking Statements
This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by the Company as of the date hereof. Although the forward-looking statements contained in this news release are based on what the Company's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such statements.
The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in the Company's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, The Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/244475
FAQ
What is the new expiration date for Affinity Metals' warrants?
How many warrants are affected by Affinity Metals' extension proposal?
What is the exercise price of Affinity Metals' extended warrants?
When were the original warrants issued by Affinity Metals?
