Affinity investor Martin increases ownership to 11.95%
posted on
Sep 22, 2021 11:33AM
Regal Project Discovery of 11.10m of 143.29 g/t Silver including 0.55m of 2612.0 g/t
Mr. Gary Martin reports
Gary Thomas Martin of 14 Grouper Hole Dr., Boca Grande, Fla., U.S., has increased the securityholding percentage of his beneficial ownership of, or control or direction over, common shares in the capital of Affinity Metals Corp. on a postconversion beneficial ownership basis, to 15.48 per cent., on Sept. 18, 2019, as a result of his participation in a private placement offering by Affinity Metals, with offices at 890 West Pender St., Suite 600, Vancouver, B.C., V6C 1J9.
Immediately before the acquisition of the shares and warrants that triggered the requirement to file this news release, Mr. Martin did not own or exercise control or direction over any common shares of the issuer or any warrants to acquire common shares of the issuer.
Immediately after the transaction that triggered the requirement to file this news release, Mr. Martin owned and/or exercised control or direction over an aggregate 2.6 million common shares of the issuer representing approximately 8.39 per cent of the issuer's issued and outstanding common shares. Mr. Martin also owned and/or exercised control or direction over an aggregate 2.6 million warrants entitling the purchase of an aggregate 2.6 million common shares of the issuer, or, assuming exercise of the warrants, Mr. Martin owned and/or exercised control or direction over a total of 5.2 million common shares or approximately 15.48 per cent of the issuer's common shares on a postconversion beneficial ownership basis.
As at the date of this news release, Mr. Martin owns and/or exercises control or direction over an aggregate 5.62 million common shares of the issuer representing approximately 11.95 per cent of the issuer's issued and outstanding common shares. Mr. Martin also owns and/or exercises control or direction over an aggregate 3.7 million warrants entitling the purchase of an aggregate 3.7 million common shares of the issuer; or, assuming exercise of the warrants, Mr. Martin owns and/or exercises control or direction over a total of 9.32 million common shares or approximately 18.37 per cent of the issuer's common shares on a postconversion beneficial ownership basis.
The securities of the issuer owned by and/or over which Mr. Martin exercises direction or control were acquired for investment purposes and Mr. Martin will evaluate the investment in the issuer and will increase or decrease the investment by future acquisitions or dispositions of securities of the issuer at his discretion, as circumstances warrant.
Mr. Martin may, in the future and at his discretion, exercise warrants that he owns and, thus, acquire additional common shares in the capital of the issuer. A report in this regard will be electronically filed with the securities regulator in each province where the issuer is reporting and will be available for viewing through the Internet at the Canadian System for Electronic Document Analysis and Retrieval (SEDAR). To obtain a copy of the report telephone 941-456-0000.