Mr. Nick Brusatore reports
AFFINOR GROWERS ANNOUNCES CLOSING OF
OVERSUBSCRIBED UNIT FINANCING
Further to the news release dated
March 14, 2024, Affinor Growers Inc. has completed a non-brokered private placement of 1.3 million units of the company at a price of five cents per unit for gross proceeds of $65,000. Each unit consists
of one common share in the capital of the company and one share purchase warrant. Each warrant entitles the holder thereof to acquire one additional share at a price of 10 cents per warrant share for a period of 24 months from the date of distribution. The company
intends to use the net proceeds from the offering for administration fees and the production and
development of strawberries.
In connection with the offering, the company paid cash finders' fees in the amount of $6,500 to eligible
finders and issued the same finders a total of 130,000 non-transferable share purchase warrants with each finder's warrant exercisable into a share for a period of 24 months from
the date of issuance at a price of 10 cents per share.
About Affinor Growers Inc.
Affinor is a publicly traded company listed on the Canadian Securities Exchange 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.