Affinity Metals Incentive Options Repricing
Vancouver, November 9, 2021 - Affinity Metals Corp. (TSXV: AFF) (FSE: 34IA) ("the Company" or "Affinity") Board of directors has approved the repricing of a total of 1,000,000 stock options of the Company from $0.19 to $0.11 per common share, and a total of 1,140,000 stock options of the Company from $0.255 to $0.11 per common share (collectively, the "Options").
The repricing of the Options is subject to the approval of the TSXV. The repricing of the 1,690,000 stock options held by insiders of the Company is also subject to the approval of disinterested shareholders of the Company at the Company's next annual general meeting of shareholders, in accordance with the policies of the TSXV. Details regarding the repricing of the Options will be further disclosed in the Company's information circular for its next annual general meeting.
About Affinity Metals
Affinity is focused on the acquisition, exploration and development of strategic metal deposits within North America. Affinity has outlined a hybrid exploration model of combining the advancement of strategic assets in addition to implementing a Project Generator approach to other prospective properties in the Company's portfolio.
The Company holds the Regal Property located near Revelstoke, BC as well as the Windfall North property, located adjacent to Osisko's Windfall project in Quebec. Exploration plans are ongoing.
On behalf of the Board of Directors
Robert Edwards, CEO and Director of Affinity Metals Corp.
The Company can be contacted at: info@affinity-metals.com
Information relating to the Company is available at: www.affinity-metals.com
Neither the 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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company's management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company's profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102574
