Affinity Gold Corp. Receives $272,500 in Funding From Long-Standing Shareholders
27 November 2013 - 2:15AM
Marketwired
Affinity Gold Corp. Receives $272,500 in Funding From Long-Standing
Shareholders
MAPLE GROVE, MN--(Marketwired - Nov 26, 2013) - Affinity Gold
Corp. (OTC Pink: AFYG) ("Affinity" or "the Company") is pleased to
announce it has received USD $272,500 in the form of private
placements at a price of $.01 per share from existing long-standing
shareholders.
The shares being issued under the private placement are
restricted and will remain restricted for a period of twelve (12)
months following the Company becoming current in its regulatory
filings with the Securities & Exchange Commission ("SEC").
Immediately following an increase in activity in the Company's
publicly traded shares the board officially stopped accepting
subscription agreements at $.01 per share as of November 6th, 2013.
The Company will be filing details in a subsequent 8K filing with
the SEC.
"I'm extremely thankful to our existing shareholders who
continued to have faith and supported the Company in spite of the
challenging times we've been through over the last three and half
years. With these funds, I fully anticipate we achieve three
primary objectives which I previously laid out in our September
26th news release: 1) become current in our regulatory filings, 2)
establish production operations, and 3) finalize the Strategic
Advisory Committee," stated Mr. Corey Sandberg, President &
CEO.
About Affinity Gold Corp.: Affinity Gold Corp. is a mineral
exploration and development company engaged in the acquisition and
development of near-term precious mineral production properties
within Peru. Affinity Gold Corp.'s primary focus is on developing
assets that have demonstrated historical production, contain
documented and reliable data and can reasonably begin producing
within 12-18 months at a cost of less than $900 per gold equivalent
ounce.
www.affinitygold.com
For further information please refer to the Company's
filings with the SEC on EDGAR available at
www.sec.gov
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.
CONTACT: AFFINITY GOLD CORP. Corey J. Sandberg 763-424-4754
csandberg@affinitygold.com
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