AFR NuVenture Resources Inc. Announces completion of its Non-Brokered Private Placement

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[{"type":"text","content":"AFR NuVenture Resources Inc. Announces completion of its Non-Brokered Private Placement\n(TheNewswire)\n\n\nTORONTO, Ontario, March 6, 2026 – TheNewswire - AFR\nNuVenture Resources Inc. (“AFR” or the “Company”) (TSXV: AFR),\nwishes to announce the closing of its non-brokered private placement\nannounced on February 9, 2026. 7,500,000 Units of the Company (the\n“Offering”) have been sold at a price of $0.02 per Unit for total\ngross proceeds of $150,000. Each Unit consists of one common share\n(each, a “Share”) and one share purchase warrant (each, a “Warrant”).  Each\nWarrant will entitle the holder to acquire one additional common share\n(each, a “Warrant\nShare”) in the capital of the Company at an\nexercise price of $0.05 per Warrant Share for a period of five (5)\nyears.  No commissions or finders’ fees are payable in connection\nwith the Offering.\n\n\nThe TSX Venture Exchange (the “TSXV”) has advised\nthat it does not object to closing the private\nplacement. The proceeds derived from the sale of\nthe shares will be expended to pay the costs of a preliminary\nexploration programs on one or both of the Company’s projects as\nfollows:\n\n\nMary Ann’s Lake Copper/Silver Project -\n$70,000.\n\n\nMassey Nickel/Copper Project - $25,000.\n\n\nWorking Capital: General Administrative Expenses and\nWorking Capital - $55,000.\n\n\n \n\n\nThe Offering was made to investors relying on the\n“existing security holder” and “accredited investor”\nexemptions available to AFR under National Instrument 45-106\n– Prospectus Exemptions.\n\n\nNo new Control Persons or Insiders have been created as\na result of this Offering. \n\n\nOfficers and Directors of the Company purchased\n2,525,000 Units ($50,500) of the Offering. Such participation of\nInsiders in the Offering constitutes a “related party transaction”\nwithin the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in\nSpecial Transactions (“MI 61-101”). The\nCompany is relying on exemptions from the formal valuation and\nminority shareholder approval requirements provided under subsections\n5.5(a) and 5.7(a) of MI 61-101 on the b...

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