Mr. Nick Brusatore reports
AFFINOR GROWERS ANNOUNCES $0.20 UNIT PRIVATE PLACEMENT
Affinor Growers Inc. is undertaking a private placement of up to 10 million units at a price of 20 cents per unit for gross proceeds of up to $2-million. Each unit will consist of one common share in the capital of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional share at a price of 30 cents per warrant share, for a period of 24 months from the date of issuance. Proceeds from the offering will be used to increase production capacity in the company's current greenhouse and build the new Atlantis building for more production and allow for selling turnkey facilities as well as for working capital.
The offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including the approvals of the Canadian Securities Exchange (CSE).
All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities laws. A finder's fee may be paid in connection with the offering to eligible arm's-length finders in accordance with CSE policies and applicable securities laws.
About Affinor
Growers Inc.
Affinor is a publicly traded company listed on the CSE under the symbol AFI and on the OTCQB under the symbol RSSFF. Affinor is focused on developing vertical farming technologies, and using those technologies to grow fruits and vegetables in a sustainable manner.
We seek Safe Harbor.
© 2024 Canjex Publishing Ltd. All rights reserved.