Company Enters Into Extension Agreement to the Share Exchange Agreement With AMR Project Peru S.A.C.
07 July 2009 - 2:29AM
PR Newswire (US)
MAPLE GROVE, Minn., July 6 /PRNewswire-FirstCall/ -- Affinity Gold
Corp. (OTC:AFYG) (BULLETIN BOARD: AFYG) (the "Company") is pleased
to provide an update regarding the closing of its Share Exchange
Agreement with AMR Project Peru S.A.C. (AMR) to make AMR a
wholly-owned subsidiary of the Company. The Company has entered
into an Extension Agreement to the Share Exchange Agreement whereby
the closing date has been extended to take place on or before July
14th, 2009. The Company had planned on closing the Share Exchange
Agreement transaction by June 30th, 2009, however, due to the time
taken to complete a US GAAP compliant audit of AMR, this was not
possible. All other terms and conditions of the Share Exchange
Agreement remain in full force and effect. The closing of this
transaction remains subject to a number of conditions, including
the completion of the due diligence review of AMR. About Affinity
Gold Corp.: Affinity Gold Corp. is a mineral exploration and
development company engaged in the acquisition, exploration and
development of gold mineralization properties internationally.
Affinity Gold Corp.'s current primary focus is gold exploration in
Peru. http://www.affinitygold.com/ FORWARD-LOOKING STATEMENTS This
news release may include "forward-looking statements" regarding
Affinity Gold Corp., and its subsidiaries, business and project
plans. Such forward-looking statements are within the meaning of
Section 27A of the Securities Act of 1933, as amended, and section
21E of the United States Securities and Exchange Act of 1934, as
amended, and are intended to be covered by the safe harbor created
by such sections. Where Affinity Gold Corp. expresses or implies an
expectation or belief as to future events or results, such
expectation or belief is believed to have a reasonable basis.
However, forward-looking statements are subject to risks,
uncertainties and other factors, which could cause actual results
to differ materially from future results expressed, projected or
implied by such forward-looking statements. Affinity Gold Corp.
does not undertake any obligation to update any forward-looking
statement, except as required under applicable law. DATASOURCE:
Affinity Gold Corp. CONTACT: Affinity Gold Corp., +1-763-424-4754,
Web Site: http://www.affinitygold.com/
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