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AFYG Affinity Gold Corp (CE)

0.0001
0.00 (0.00%)
19 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Affinity Gold Corp (CE) USOTC:AFYG OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 0.00 01:00:00

Affinity Gold Corp. Corporate Update

18/08/2010 2:26pm

GlobeNewswire Inc.


Affinity Gold (CE) (USOTC:AFYG)
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Affinity Gold Corp. (Pink Sheets:AFYG) ("Affinity" or "the Company") is pleased to release a corporate update regarding the Company's recent progress.

On July 8th, the Company issued a message from the CEO, Mr. Corey J. Sandberg, stating the goals he set to accomplish over the next 30, 60 and 90 days.

During the 30-day period from July 8th, Mr. Sandberg spent eight days in Peru, where he visited the Company's project site, held meetings with the Peruvian Ministry of Energy and Mines, conducted due diligence and met with potential candidates for joining the company's subsidiary.  

On August 9th, the Company announced that Mr. Oscar Frias, a highly-educated 30-year veteran of the Peruvian mining industry, had joined the Company as a Strategic Advisor. 

One week ago, the Company retained Andrew Barwicki Investor Relations to initiate a strategic investor relations program that will expose the company to institutional investors, broker dealers, and individual investors through road shows, conference calls and other traditional means.

"I am thrilled with the progress we have made so far as we have continued to drive the company forward in meeting our objectives," said President and CEO Corey J. Sandberg. "We still have a lot of work ahead of us, but as long as we continue to focus on the fundamentals of building a successful business, I have no doubt that we will succeed. We are making great strides in putting the pieces together for Affinity's revised strategic plan which will be announced in greater detail in the near future. In the meantime, I am continuing to focus on building the leadership team, building strategic relationships in Peru and elsewhere, and preparing the company for a re-introduction to the general public and investment community. "

Over the next 30-60 days, the Company is focused on continuing its efforts towards identifying and engaging key strategic partners, improving internal controls and procedures and making significant progress towards becoming current in our regulatory filings. Mr. Sandberg stated, "It's imperative that we become current in filings and demonstrate transparency to the investing public if we're to be successful in attracting long-term shareholders."

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.

Through its 99.99% owned subsidiary AMR Project Peru, S.A.C., Affinity Gold Corp. is the owner of the mining concession title named "AMR Project" covering 500 hectares and the mining concession certificate as evidenced by Certificate No. 7996-2006-INACC-UADA granted to AMR by the Republic of Peru, National Institute of Concessions and Mining Cadastre on December 11, 2006 (the "Mining Concession Rights").

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.
          +1-763-424-4754
          info@affinitygold.com

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